Ibis Perth

334 Murray Street, Perth

  • Guest Room

    Guest Rooms

  • Land Area

    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 prime Murray and Hay Street shopping precinct 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 and function rooms catering for up to 300 guests.

Property Details [  –  ]
Number of guest rooms 192
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
Other facilities Business centre
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
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$9.1 million (2)
(A$10.2 million)
Net property income S$2.3 million (2)
(A$2.5 million)
Average occupancy rate 70.4%
  • (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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