Properties

Ibis Perth

334 Murray Street, Perth

  • Guest Room

    192
    Guest Rooms

  • Land Area

    1,480 sqm
    Land Area

Ibis Perth is located 300 metres from the prime Murray and Hay Street shopping precinct and a short walk to Raine Square, Palace Cinema Complex and Yagan Square. The hotel offers a full-service breakfast restaurant, casual bar and function rooms catering for up to 200 guests.

The hotel recently concluded extensive renovations, which covered the main lobby, all 192 guest rooms and a new gym. A fresh restaurant and bar concept Chelsea Social was introduced to complement the conference rooms' rejuvenation to create a cohesive event space and street facing dining. The asset enhancement initiatives will elevate the hotel, allowing it to be repositioned as the hotel of choice in Perth's CBD.

Property Details [  –  ]
Number of guest rooms 192
Number of F&B outlets Newly refurbished dining area Chelsea Social, comprising two outlets, Chelsea Bar and Dining Hall
Banquet/Conference/Meeting facilities Three function rooms for up to 200 guests
Other facilities Business centre and gym
Car park facilities 13 car park lots
Land area 1,480 sq m
Gross floor area 9,650 sq m
Title Freehold
Purchase price at 18 February 2010 A$21.6 million
Valuation (1) as at 31 December 2024 A$42.0 million
Green Rating/Certification NABERS - National Australian Built Environment Rating System
NABERS Energy - 4 stars
NABERS Water - 3.5 stars
Hotel Management Agreement Details [  –  ]
Operator AAPC Properties Pty Limited
Term of Hotel Management Agreement 10 years from 1 May 2021, expiring 30 Apr 2031, with options to renew for two terms of five years each (subject to mutual agreement of the parties)
FY 2024 Key Financials [  –  ]
Gross revenue S$8.4 million (2)
(A$9.5 million)
Net property income S$1.6 million (2)
(A$1.9 million)
  • (1)The property was valued by CBRE Valuations Pty Limited using a combination of the Capitalisation and Discounted Cash Flow approaches.
  • (2)Based on the average exchange rate of A$1.00 = S$0.8826.

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