The Sebel East Perth - SOLD

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Sold for 19,200,000 AUD Date of Sale: December 2013
Rooms: 57
Price Per Room: 336,842 AUD
Property Id : 29175

Originally opened in 2003, the 4.5 star Property has established itself as one of the city’s leading serviced apartment offerings with a superb guest product and convenient location that is ideally suited to a range of market segments. Hotel facilities include 57 well-designed contemporary guest rooms, conference room, gymnasium, swimming pool, spa barbecue area, guest laundry and basement car parking for 17 vehicles.

Forming part of a larger mixed-use development, the Hotel enjoys a prime waterfront location in East Perth overlooking the Swan River and Claisebrook Cove. The location has become one of the most vibrant entertainment precincts in Perth with a number of exceptional café, restaurant and entertainment offerings.

Since opening, the Hotel has achieved strong occupancies and average daily rates and is ideally positioned to capitalise on longer staying corporate guests to the city. The Hotel has an outstanding future outlook and is set to benefit greatly from the Belmont Park Race Course redevelopment, Burswood Stadium and Riverside.

Andrew Langsford

Senior Vice President, Australasia
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