Properties

Mercure Perth

10 Irwin Street, Perth

  • Guest Room

    239
    Guest Rooms

  • Land Area

    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. This hotel has copious number of meeting rooms available with modern AV technology, accommodating up to 350 delegates. In 2023, Mercure Perth undertook a soft refurbishment of 123 West Tower rooms which includes new beds, carpets and curtains. New room furniture, light fittings and painting are expected to be completed by mid-2024.

Property Details [  –  ]
Number of guest rooms 239
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 with 6 separate function rooms accommodating up to 350 delegates
Other facilities Large heated rooftop swimming pool 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
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$11.2 million (2)
(A$12.5 million)
Net property income S$1.9 million (2)
(A$2.1 million)
Average occupancy rate 66.6%
  • (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$0.8932.

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