Sold Hotel – Seasons of Perth
JLL Hotels & Hospitality Group is pleased to share the sale of the Seasons of Perth, having introduced the buyer off-market.
Located in the heart of Perth’s CBD, the hotel currently features 120 rooms, a swimming pool, restaurant, bar, meeting rooms and car parking on a freehold site.
Year-to-date July 2023 STR results for the Perth market indicate RevPAR has soared 31% when compared to pre-Covid 2019 numbers and 36% compared to 2022, a testament to the strength of Perth’s recovery and robust economic drivers.
This transaction is a clear demonstration of investor confidence in the Western Australian market, whose evolving economy continues to be underpinned by a booming mining and resources sector.
JLL currently has several hotel investment opportunities available in Perth. For further information or to discuss any aspect of the market, please contact the undersigned.
For further information about the sale, please contact Nick Roche, Andrew Langsford or Gus Moors at JLL Hotels & Hospitality.