Perth Metropolitan Region April 2017
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AHA Accommodation Development Intelligence Report Perth Metropolitan Region April 2017 In 2012 the Western Australian Government released the “State Government Strategy for Tourism in Western Australia 2020.” This Strategy set out the direction for the Western Australian tourism industry over the next decade. Within the 2020 strategy it included modelling commissioned by Tourism WA which forecast that Perth would need an additional 1,900 hotel rooms by 2020 to keep occupancy at viable and sustainable levels. The WA 2020 Strategy identifies how Government can work with industry to make the most of the growth in travel and international markets, as well as encourage further development and diversification in the regions. The Strategy set a stretch target of the value of tourism in Western Australia to double from $6 billion a year in 2010 to $12 billion a year by 2020. The Data compiled in this intelligence report has tracked rooms opened since 2012 and those under construction or consideration. The information is derived directly from local government, building and planning applications, direct sources, state development approval panels and trade media. New openings 1781 new rooms in 20 hotels/serviced apartments have opened since 2012. Committed / Under Construction 2691 rooms in 18 hotels/serviced apartments are significantly committed or under construction refers to projects that have received final development approvals and or the WA Government is actively involved in the project. Under Consideration 4447 rooms in 33 hotels/serviced apartments are proposed for short-stay commercial accommodation development or are in the early stages of planning. Redevelopment 631 existing rooms in 5 hotels/serviced apartments being redeveloped. Expressions of Interest 4 expressions of interest in the market for hotels / serviced apartments. NEW OPENINGS SINCE 2012 EST. STAGE OF PROJECT CITY ROOMS DEVELOPER YEAR COST DEVELOPMENT Terrace Hotel 237 St Georges Terrace Perth 15 Complete 2012 Fraser Suites Apartments $450 M Frasers Property Complete Queens Precinct Causeway East Perth 236 2012 Stage1&2 Australia Stage Two Pending Hougoumont Hotel – Stage 1 Redrock Consolidated Complete 7-15 Bannister Street Fremantle 40 $- 2014 P/L Stage Two Pending Bailey’s Serviced Apartments Bennett Street East Perth 25 $6 M Bailey’s Hotel Motel Complete 2014 The Nest Casella Nominees Old 172 Newcastle St Northbridge 20 $1.5 M Complete 2015 Crow Alex Hotel Cicero Management Pty 214 William Street Northbridge 74 $12 M Complete 2015 Ltd Country Comfort InterCity Intercity Belmont Pty Hotel & Apartments Belmont 62 $8 M Completed 2015 Ltd 249 Great Eastern Highway Quest Rockingham* 22 Flinders Lane Rockingham 48 $22 M Aligned Funds Complete 2015 Como The Treasury Oct 28 Barrack Street Perth 48 $208 M FJM Property Complete 2015 Attika Hotel* Dec 279 Newcastle Street Northbridge 22 $4 M Skycap Pty Ltd Complete 2015 Quest West Perth* Feb 54 Kings Park Road West Perth 72 $9 M Woomara Pty Ltd Complete 2016 Holiday Inn Perth City Centre Complete 778 – 788 Hay Street Perth 5 $12 M IHG Group 2016 Redevelopment Sage Hotel by Silverneedle Australian Development May 1309-1311 Hay Street West Perth 101 $14 M Completed Capital Pty Ltd 2016 Quest East Perth* Aug 176 Adelaide Terrace East Perth 130 $14.5 M Sirona Capital Complete 2016 Quest Mounts Bay Road* July 130 Mounts Bay Road West Perth 71 $8 M Quest Diploma Complete 2016 City Lights – Best Western Premier Northbridge 46 $10 M Heyspring Land Pty Ltd Complete 2015 137 Newcastle Street Seashells Fremantle* 1 Silas St East Fremantle 24 $ Complete 2016 Peppers Kings Square WEJ Developments WA 623 Wellington Street Perth 120 $25 M Complete 2016 Pty Ltd Crown Towers Dec Great Eastern Highway Burswood 500 $568 M Crown Ltd Complete 2016 EST. STAGE OF PROJECT CITY ROOMS DEVELOPER YEAR COST DEVELOPMENT Quest Fremantle* Fairgreen Pty Ltd Dec 8 Pakenham Street Fremantle 122 $30 M Complete Sirona Capital 2016 COMMITTED / UNDER CONSTRUCTION PROJECT EST. STAGE OF CITY ROOMS DEVELOPER / OWNER YEAR COST DEVELOPMENT Ritz-Carlton Hotel Elizabeth Quay Foreshore Perth 204 $350 M Far East Consortium Under Construction 2018 EQ West CA & Associates Perth 125 $500 M Committed 2019 Lot 2 & 3, Elizabeth Quay (AAIG and Fini Group) DoubleTree by Hilton Hilton Worldwide & Waterfront Perth 239 $142 M Under Construction 2018 SKS Group 351 Riverside Drive BGC Construction with Westin Perth Perth 368 $250 M State Government & Under Construction 2018 FESA Building, 480 Hay Street Starwood Hotels Rydges Hotel Christou Design Group *Kings Hotel, 517-533 Hay Perth 57 $7.5 M Committed 2019 Pty Ltd Street Melbourne Hotel Oakesfield Pty Ltd, Mid- 942-950 Hay & 33 Milligan Perth 40 $40 M Under Construction Busby Nominees Pty Ltd 2017 Streets Dorsett Hotel Perth City Link Perth 250 $219 MRA - Far East Committed 2020 Milligan Street Amalgamated Holdings QT Hotel Perth Perth 184 $21.5 M Limited / Gutace Under Construction 2017 133 – 141 Murray Street Holdings Pty Ltd DoubleTree by Hilton Hilton Worldwide & SKS Northbridge 206 $30 M Under Construction 2017 98-100 James Street Group Tribe/Mantra Hotel Group Four Walker Avenue Dec West Perth 126 $30 M Under Construction 4 Walker Avenue Pty Ltd 2016 Park Regis by Staywell Subiaco 166 $95 M Dradgin Pty Ltd Under Construction 2018 500 Hay Street Quest Innaloo* Probuild / Fabray Pty Innaloo 80 $59 M Under Construction 2018 222 Stirling Cross Ltd PROJECT EST. STAGE OF CITY ROOMS DEVELOPER / OWNER YEAR COST DEVELOPMENT Quest Midland* Fini Group / Precast Midland 102 $11 M Under Construction 2017 3 The Crescent Investments Pty Ltd Comfort Inn Bel Eyre Motel Jeffees Nominees Pty 264 & 266 Great Eastern Ascot 109 $12 M Under Construction 2019 Ltd Highway (corner Epsom Ave)* Starwood “Aloft” 23-27 Rowe Avenue Rivervale 224 $70 M BGC & Starwood Under Construction 2017 Hougoumont Hotel – Stage 2 Redrock Consolidated Fremantle 48 $- Under Construction 2017 7-15 Bannister Street P/L Hilton “Hampton”* SKS Cockburn Central Cockburn Central 146 $40 M Committed 2019 28 Signal Terrace Pty Ltd Be-Fremantle Fremantle 24 $10M Sirona Capital Under Construction 2017 43 Mews Rd REDEVELOPMENTS EST. STAGE OF PROJECT CITY ROOMS DEVELOPER YEAR COST DEVELOPMENT Holiday Inn Perth City Centre Perth 176 $12 M IHG Group Complete 2016 778 – 788 Hay Street IHG Intercontinental Under Construction Colonnade Lot 18, 815-823 Hay Perth 238 $35 M UNIR Hotels Pty Ltd (Reduced from 2018 Street 246 rooms) Melbourne Hotel Oakesfield Pty Ltd, Q1 942-950 Hay & 33 Milligan Perth 33 $40 M Under Construction Busby Nominees Pty Ltd 2017 Streets Rydges Hotel *Kings Hotel Redevelopment Christou Design Group Perth 117 $7.5 M Under Consideration 517-533 Hay Street Pty Ltd Sheraton Hotel by Starwood (The New Esplanade) Perth 67 $110M H&M Capital Pty Ltd Committed - 18 The Esplanade UNDER CONSIDERATION EST. STAGE OF PROJECT CITY ROOMS DEVELOPER YEAR COST DEVELOPMENT 78-80 Bennett Street Rowe Group / SZ Perth 16 $ - Under Consideration East Perth Property Pty Ltd Courtyard by Marriott Roxy Pacific Holdings / Perth 332 $47 M Under Consideration 2020 609 Wellington Street ACH Perth Pty Ltd 190 Adelaide Terrace Perth 326 $280 M Loxalot Pty Ltd Under Consideration IHG “Holiday Inn” Express Hotel Development / Perth 224 $35 M Under Consideration 257 Adelaide Terrace Sunfire Asset Pty Ltd Carlton Hotel Perth 82 $5 M Ablebay Holdings Under Consideration 248-260 Hay Street Quincy Boutique Hotel Australia Pacific Hotels Perth 56 $6 M Under Consideration 281-289 Hay Street (Sing) Royal Hotel The Trust Company Perth 176 $ - Under Consideration 289-316 Murray Street (Australia) Ltd Fragrance WA – Perth 374-396 Murray Street Perth 487 $130 M Under Consideration (Sing) Stockade Buildings Demolition Perth 77 $15 M Mrs L Kakulas 2018 145-151 Barrack Street Approved) Fragrance Group Hotel Folley Pty Ltd, Anthony 33-39 Milligan & 469-471 Murray Perth 132 $135 M Constantine, Pasco Under Consideration Streets Nominees Pty Ltd, Sheraton Hotel by Starwood (The New Esplanade) Perth 129 $110 M H&M Capital Pty Ltd Committed - 18 The Esplanade 36 St Georges Terrace & 10-14 Global Premium Hotels Perth - $100 M Under Consideration Pier Street (Sing) Yuanlong (Aust) 220-224 Pier Street Perth 150 $145 M Under Consideration Investment Group EST. STAGE OF PROJECT CITY ROOMS DEVELOPER YEAR COST DEVELOPMENT 783-789 Wellington St Perth 216 $14.3 M Wellington St Pty Ltd Under Consideration Northbridge Centre 30 Beaufort Street Perth 140 $488 M Custodian Services Pty Under Consideration Ltd 90-96 Beaufort Street* Perth 270 $42 M CP Landmark Pty Ltd Under Consideration Ibis Styles Hotel East Perth 252 $22 M Rehawk Property Group Under Consideration 69 Adelaide Terrace RCH Property 182 Hay Street East Perth 18 $4 M Under Consideration Investments Pty Ltd Breakfree (Mantra) Pharma Global East Perth 132 $16 M Under Consideration 195 Hay Street Australia Pty Ltd Capital Square (former Emu Brewery Site) West Perth 120 $350 M AAIG Pty Ltd Under Consideration 2019 98 Mounts Bay Road 647-657 (Lot 22) Murray Street West Perth 64 $42 M Finbar Group Ltd Under Consideration Fastfire Investments & 39 – 396A Mount Street West Perth 20 $3 M Under Consideration Hightempo Pty Ltd Murray Hotel The Murray Hotel West Perth 50 $14 M Under Consideration 718 Murray Street Pty Ltd Billabong Backpackers Resort Highgate 138 $45 M Rothchester Pty Ltd Under Consideration 381 Beaufort Street Northbridge Centre* ICD Property / EG Northbridge 88 $300 M Under Consideration Cnr James & Stirling Street Funds Parker Street Hotel* Megaland