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.
