BGC has signed an agreement with Starhill Hotel (Perth) Pty Ltd and Starhill Hotel Operator (Perth) Pty Ltd, both entities under the division of YTL Hotels for the sale of The Westin Perth hotel in Western Australia.
This follows the announcement in November regarding the sale of Aloft Perth to Hiap Hoe Ltd. Like the Aloft, the Westin will continue to be successfully managed and operated by Marriott International, maintaining the same team and the same high standard of service.
BGC director Sam Buckeridge said the Board was pleased with the strong interest shown by potential buyers and the outcomes achieved in relation to both hotels, freeing up in excess of $300 million of capital for re-deployment by the BGC Group.
“We are very proud to have created two of Perth’s best hotel offerings, combining BGC Construction’s commitment to quality with Marriott’s fantastic service delivery,” Mr Buckeridge said.
The transaction is expected to complete in the first quarter of this year.
The Westin is a 368-room luxury hotel situated in the rejuvenating east end of the Perth CBD.
It features a signature restaurant in ‘Garum’ by celebrated chef Guy Grossi, a high-end spa delivered by Bodhi J Wellness and more than 1,700sqm of meeting space including an 800sqm ballroom and 340sqm of divisible function facilities.
BGC wishes to thank JLL Hotels & Hospitality Group and JLL Asset Management Services for their successful assistance in the sale.