At the tail-end of a year that's seen an unprecedented amount of hotels open across the country, one of Sydney's older establishments has scored a good-as-new refurbishment. Sheraton Grand Sydney Hyde Park, previously known as Sheraton on the Park, has undergone a mammoth $50 million refurbishment. As well as joining the brand's prestigious 'grand' series, the hotel has scored some modern new features after 25 years of operation. Catapulting it to luxury status, the five-star hotel on Elizabeth Street has had all 17 of its event spaces refurbished, as well as the 558 rooms transformed into more refined and deluxe residential experiences — think walk-in-robes, private floor access and complimentary cocktails. This doesn't come cheap, however — rooms start at around $270 a night and suites surpass the $1k mark. The hotel doesn't run shy of lavish experiences. Guests — or just anyone wishing to be spoilt for a few hours — can make a beeline for the Health Club for a massage, body or skincare treatment. And those after some fun in the sun (without having to hike it to Bondi) can escape to the rooftop pool or jacuzzi. The exclusive Sheraton Club Lounge on level 21 — reserved only for guests staying in Grand Executive suites — is another drawcard for cashed-up travellers. It's decked out with stylish furnishings and has uninterrupted views from the outdoor terrace, right across St Mary's Cathedral and out to Sydney Harbour. The hotel has its fair sharing of dining options, too. Choose from a seafood buffet at the hotel's restaurant Feast, high tea at the Gallery, or light eats and a cocktail from the Conservatory Bar, which was refurbed late last year. This latest renovation will help the Sheraton compete with newer hotels, like the Sofitel in Darling Harbour and the futuristic new Skye Suites. It could be a good excuse to lower your carbon footprint and be a tourist in our own city this summer — or at least drop in for a drink and peek inside. The Sheraton Grand Sydney Hyde Park is now open at 161 Elizabeth Street, Sydney.