Properties
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 comprising Beccaria Bar, Beccaria Restaurant and Cucina on Hay. The property has a large heated rooftop swimming pool, modern refurbished pool deck area, and spacious gym. Business guests are also well catered for at this hotel with a number of meeting rooms available, which feature natural light and modern AV technology, accommodating up to 350 delegates.
Mercure Perth is certified to be fully compliant with ALLSAFE, Accor's enhanced health and safety protocols.
Property Details [ – ]
Number of Guest Rooms | 239 |
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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 providing facilities for up to 350 delegates with six function rooms, heated rooftop swimming pool, spa, 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 |
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$9.3 million (2) (A$9.7 million) |
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Net property income | S$0.9 million (2) (A$1.0 million) |
Average occupancy rate | 55.2% |
- (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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