The four star Citigate Perth offers 278 contemporary guest rooms and a range of impressive guest amenities including a restaurant and bar, five meeting rooms, heated rooftop swimming pool, sauna, sun deck and gymnasium.
Opened in 1985, the Hotel has since undergone a number of major refurbishments, the most recent of which took place between 2008 and 2009 at a cost of approximately $8 million.
Citigate Perth is ideally located on Wellington Street at the rapidly growing western periphery of the Perth CBD. This superb location places the Hotel directly opposite the new $500 million, 14,000 seat Perth Arena and Perth Link – the largest civic redevelopment project in Perth’s recent history.
With limited supply expected to enter the Perth market over the short to medium term, coupled with Perth’s positive market fundamentals and strengthening room rates on the back of recent refurbishment works, 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 Mirvac Hotels & Resorts or with vacant possession, Citigate Perth represents an exceptional opportunity to acquire a strategically positioned CBD hotel in one of Australia’s fastest growing cities.