West Perth's most iconic hotel asset for sale

The Holiday Inn West Perth has been listed for sale by local vendors Australian Development Capital.

Located at 1309 Hay Street, the 804sqm freehold site features a heritage-listed two-storey building at the front occupied by Julio’s, a restaurant and bar catering to around 80 guests. 

The hotel opened in 2016 and has recently signed a new management agreement with world leading hotel group IHG.

Compromising 101 contemporary guestrooms, the near-new hotel has views across Perth city and additional amenities including a gymnasium and two meeting rooms.

Regarded as one of the top accommodation venue in West Perth, the Holiday Inn caters to both corporate and leisure tourist demand, being situated within the second largest office precinct, next to the CBD.  

CBRE’s Aaron Desange has been appointed to steer the sale campaign on behalf of the vendors.

“The asset presents a premium investment opportunity, well-placed to enjoy strong future performance over the coming years as cashflows re-stabilise in a market poised for economic growth,” Mr Desange said.

“With another 20 years remaining on the management agreement plus options, this modern hotel offers an incoming purchaser the rare ability to own a hospitality asset with minimal investment risk.”

West Perth is currently experiencing a period of growth, with many large-scale and capital works underway involving public and private investment contributions adding to the growing economy