The Westin Perth

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Property Id : 29469
Price: 205,000,000 AUD
Land Size: 7,110 m2
Rooms: 368
Land Tenure: Freehold
Year Opened: 2018
Management: Marriott International
Sold for 205,000,000 AUD Rooms: 368
Price Per Room: 557,065 AUD

JLL Hotels & Hospitality Group has been exclusively retained to offer for sale The Westin Perth (the “Hotel”, “Property” or Asset”) located at 480 Hay Street, Perth WA 6000. As the international gateway and administrative core of Western Australia, Perth is a flourishing city undergoing rapid evolution and growth. As part of that transformation, The Westin Perth is the cornerstone of a larger development at Hibernian Place in the city’s eastern heritage district. In close proximity to Royal Perth Hospital, Curtin University campuses, the District and Magistrates Court of Western Australia, the Hotel is a short walk from major corporate occupiers and leisure demand generators. Opened in April 2018 The Westin Perth is the city’s newest luxury hotel and offers 368 large guest rooms and suites. The Hotel features two F&B outlets serving traditional Roman cuisine in the heritage-listed Hibernian Hall, and light fare at the champagne bar and lounge overlooking the outdoor terrace and Hibernian Place. Lifestyle amenities include an infinity-edge swimming pool, an award-winning spa, and a modern fitness studio with a gear-lending program. The Westin Perth is equipped to deal with a range of conferencing requirements providing over 2,300sqm of meeting and event space across three floors, fitted out with the latest audio-visual technology and featuring plenty of natural light. Hibernian Place is a new lifestyle destination in downtown Perth, housing a range of bars, cafes and restaurants, which not only enhance the Westin as a destination but also provide an incoming investor with an income stream from in-place lease agreements with notable tenants including Uber and Huxtaburger. The Property has further development potential for a commercial office tower to be built on an already constructed base, with an existing Development Approval for 36,545 square metres of Premium Grade office accommodation.

Other Features
Car park
Conference and meeting spaces
Gymnasium
Restaurant
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Mark Durran

Managing Director, Investment Sales Australasia
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JLL Hotels and Hospitality Group

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