The Perth hotel was ranked fourth in the 2022 Conde Nast Traveller Readers’ Choice Awards and won the best deluxe accommodation award in the Australian Hotels Association National Awards for Excellence.
In Melbourne, the hotel guests check in on the 80th floor with sweeping views and can dine in the signature restaurant Atria. Each room and suite features high-end accents of timber, leather and stone, paired with plush linens and premium amenities.
The Ritz-Carlton Perth is also on the market.
He said there was ongoing “pent-up demand for hotel investment opportunities in Australia, with new CBRE data highlighting that over $1.2 billion in Australian hotel assets changed hands in the first half of this year”.
The agents said the sales can be done separately or together and already there has been interest shown by a number of high-net worth individual investors and institutional funds.
The level of sales is in line with the same time last year and bucks the trend of declining sales in the office, industrial and retail sectors.
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In Melbourne, the Worldwide Hotels Group subsidiary Legend Land Melbourne paid $170 million for the Novotel & ibis Melbourne Central Hotel, Melbourne’s largest hotel sale in six years.
CBRE Hotels’ national director Wayne Bunz said the Melbourne deal cemented the confidence international capital sources had in Australia’s hotel market, given its haven status and ability to provide a strong inflationary hedge.
“We have strong confidence in the Melbourne hotel market and its rapid recovery,” Bunz said.
Iris Capital, run by Sam Arnaout, is also taking advantage of the demand, with the listing of his newly developed QT Hotel and East End Retail precinct, part of Newcastle’s $700 million East End development in NSW.
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The 104-room hotel is on the site of the 113-year-old heritage David Jones building and is being sold through CBRE.
On completion, the four stages of the East End development will include more than 500 homes accommodating more than 1400 residents.
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