180 Bennett Street, East Perth WA 6004

Prime Development Opportunity: DA-Approved 17-Storey Hotel in East Perth

180 Bennett St, East Perth – directly opposite a beautiful park and surrounded by Perth's iconic landmarks, this DA-approved hotel development site presents a turnkey opportunity for developers and hotel operators to capitalize on Perth's booming hotel market. With record occupancy rates of 79.4% and average daily room rates reaching $227.31 in 2024, the demand for quality hospitality spaces continues to rise.

Why This Opportunity Stands Out:

1. Development Approved: Approved for a stunning 17-storey hotel with 111 rooms. Building permit required, but preliminary work is well advanced.
2. Unbeatable Location: Situated directly opposite to Wellington Square, close to Queens Gardens, Claisebrook Cove, Swan River, Optus Stadium, Gloucester Park, and Royal Perth Hospital, making it a prime destination for both leisure and business travelers.
3. Strategic Connectivity: Excellent freeway access to major industrial parks and logistics hubs.
4. All-Inclusive Amenities: Plans include a café, restaurant, co-working spaces, and more to attract a diverse clientele.
5. Investor-Friendly: Modular construction and cost-effective building options are available (details provided upon submission of an LOI).
6. Proven Demand: Interest from globally recognized hotel operators demonstrates high market viability.
7. Global Membership Program: Supported by an international network, providing marketing and operational support opportunities.
8. Additional Opportunities: The owner is open to considering a turnkey sale of the hotel upon completion, offering a seamless investment option for interested buyers.

This site offers a rare chance to secure a DA-approved project in one of Perth's most vibrant and well-connected neighborhoods. With its prime location and strong guest appeal, this project is an excellent opportunity for developers or investors looking to capitalize on Perth's growing demand for premium hospitality spaces.

For more information, including a current QS report with pricing from qualified builders, or to arrange a discussion, contact Lily Chong today.

Whatsapp: +61 41 554 7878
Email: [email protected]
Wechat: IQI_WA

Disclaimer: This advertisement is for general guidance only and does not form part of a contract. While we believe the information to be reliable, we make no guarantees regarding its accuracy, completeness, or suitability. Buyers should conduct independent enquiries before making decisions. We are not liable for any loss arising from its use.