Perfectly located on Sydney's waterfront, on the King Street Wharf, Medina Grand Harbourside is surrounded by the cosmopolitan cafes and restaurants of Cockle Bay Wharf. Darling Harbour attractions including the Sydney Aquarium and Sydney's major Convention & Exhibition Centres are next door.

One of Australia�s leading designers, Andrew Parr � recent winner of Belle magazines Apartment of the Year award has created an elegant yet home-away-from-home feel at Medina Grand Harbourside featuring stylish Italian furniture in rich colours, complemented by unique Australian artworks. Offering luxurious contemporary living as well as magnificent views of Darling Harbour, Medina Grand Harbourside Apartments are fully self-contained, giving consumers an alternative lifestyle choice to that available in a regular hotel suite. They offer more flexibility because guests don't have to rely on room service for food and laundry. Business travellers and families can stay short or long term without running up cumbersome bills.

Medina Serviced Apartments are the largest owner and operator of Serviced Apartments in Australia. According to journalist Lee Glendenning, they are �the fastest growing form of tourist accommodation in Australia" (Sydney Morning Herald, 5 August, 2000). Medina have been operating since 1982, and this opening will increase the total number of properties to 15 in Sydney, Melbourne, Canberra and Brisbane.

"We have an average occupancy rate of about 80 per cent throughout all our properties across Australia", says Rachel Argarman, Medina's Group Sales Manager. Serviced Apartments are seen as the answer to both short and long term living in the CBD with the luxury and privacy of a five star hotel, at a more affordable rate.

Medina is offering special opening rates at Medina Grand Harbourside, starting from $225* per night for a studio apartment, $300* per night for a one bedroom apartment, and $480* per night for a two bedroom apartment. The above offers also include a continental breakfast for two people,.

*These offers are valid from 1 September to 30 December, 2000 (excluding the period from September 11 to October 2).

Guest facilities include:

24 hour reception and a Resident Manager Pantry service groceries, drinks, liquor, cuisine courier and charge back facilities with local restaurants Dry cleaning and laundry services Licensed cafe Babysitting Hire car rentals Undercover parking Heated swimming pool, sauna and gymnasium Barbecue area Full business facilities Four conference rooms with maximum capacity of 130 persons, and fully equipped with all relevant audio visual equipment, video conferencing, fax and datalines. Three of the conference rooms feature natural light, catering for small meetings, training seminars, medium conferences, and cocktail parties.

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For further information please contact:

Rachel Argaman/Erica Roach Medina Serviced Apartments Ph (02) 9356 1000

Satu Raunola/Kirrily Elsmore Finnesse Communications Marketing & PR Level 4, 81 York Street, Sydney 2000 Ph (02) 9290 1980 Email: kirrily@finnesse.com.au Visit www.finnesse.com.au/medina for a copy of this press release and others.