Properties
Ibis Perth
334 Murray Street, Perth
-
192
Guest Rooms -
1,480 sqm
Land Area
Ibis 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.
Ibis Perth is located 300 metres from the Murray and Hay Street shopping malls and around the corner from the popular King Street, Murray Street shopping strips and a short walk to the Raine Square, Palace Cinema Complex and Yagan Square. The hotel also offers a full service breakfast restaurant, casual bar and bistro, 24-hour room services and three function rooms catering for up to 300 guests. Other features include secure covered parking, business centre and secure guest access to all hotel floors. The hotel is currently rated Silver by Accor Hotels "Planet 21" sustainability program.
Ibis Perth is certified to be fully compliant with ALLSAFE, Accor's enhanced health and safety protocols.
Property Details [ – ]
Number of Guest Rooms | 192 |
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Number of F&B Outlets | Two outlets comprising the Rubix Bar and Cafe and Murray Street Grill |
Banquet/Conference/Meeting facilities | Three function rooms for up to 300 guests |
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 2023 | A$34.5 million |
Hotel Management Agreement Details [ – ]
Operator | AAPC Properties Pty Limited |
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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 2022 Key Financials [ – ]
Gross revenue | S$8.3 million (2) (A$8.6 million) |
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Net property income | S$2.1 million (2) (A$2.2 million) |
Average occupancy rate | 65.6% |
- (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$0.9598.
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