Crowne Plaza Perth - SOLD

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Sold for 50,000,000 AUD Rooms: 191
Price Per Room: 261,780 AUD
Property Id : 29082

Originally built in 1961, Crowne Plaza Perth doubled in size in 1998 with the addition of a rear wing. Today it features 191 guests rooms and suites, a restaurant and bar, over 120sqm of flexible meeting space and a range of leisure facilities including a 20 metre outdoor lap pool and fully equipped fitness centre. 

Overlooking the Swan River in Perth’s fashionable Lower East Side, the four and a half star Hotel is at the doorstep of the best retail, entertainment and commercial landmarks the city has to offer. 

With Perth’s positive market fundamentals and limited supply expected to enter the market over the short to medium term, an incoming owner will be well positioned to capitalise on the Hotel’s future income growth potential. 

Offered for sale with the benefit of a management agreement with international hotel operator InterContinental Hotels Group, Crowne Plaza Perth represents an exceptional opportunity to acquire a strategically positioned CBD hotel in one of Australia’s fastest growing cities.

Mark Durran

Managing Director, Investment Sales Australasia
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