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Mercure Perth
10 Irwin Street, Perth
-
239
Guest Rooms -
757 sq m
Land Area
Mercure Perth is strategically located in the heart of Perth city, just a short stroll from the Swan River, Perth Mint and Supreme Court Gardens, amongst many of Perth's attractions.
Mercure Perth features 239 well-appointed rooms, along with three F&B outlets. This hotel has copious number of meeting rooms available with modern AV technology, accommodating up to 350 delegates. In 2023, Mercure Perth undertook a soft refurbishment of 123 West Tower rooms which includes new beds, carpets and curtains. New room furniture, light fittings and painting are expected to be completed by mid-2024.
Property Details [ – ]
| Number of guest rooms | 239 |
|---|---|
| Number of F&B outlets | Three outlets comprising Beccaria Bar, Beccaria Restaurant and Cucina on Hay |
| Banquet/Conference/Meeting facilities | Dedicated conference floor on Level 1 with 6 separate function rooms accommodating up to 350 delegates |
| Other facilities | Large heated rooftop swimming pool and gym |
| Car park facilities | 32 car park lots |
| Land area | 757 sq m |
| Gross floor area | 22,419 sq m |
| Title | Strata Freehold |
| Purchase price at 18 February 2010 | A$36.2 million |
| Valuation (1) as at 31 December 2023 | A$45.0 million |
| Green Rating/Certification | Sustainable Tourism by Ecotourism Australia |
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 2023 Key Financials [ – ]
| Gross revenue | S$11.2 million (2) (A$12.5 million) |
|---|---|
| Net property income | S$1.9 million (2) (A$2.1 million) |
| Average occupancy rate | 66.6% |
- (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$0.8932.
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