Mercure Perth

  • Property Details
  • Overview
Property Details [  –  ]
Number of Guest Rooms 239
Number of F&B Outlets Two outlets comprising Beccaria Bar and Restaurant and Hydrant Bar and Café
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, sauna and gym
Car park facilities 32 car park lots
Land area 757 sq m
Gross floor area 22,419 sq m
Title Strata Freehold
Vendor Tourism Asset Holdings Limited
Purchase price at 18 February 2010 A$36.2 million
Valuation (1) as at 31 December 2017 A$48.0 million
Master Lease Details [  –  ]
Master lessee HI Operations Pty Ltd, a subsidiary of Accor S.A.
Term of lease Approximately 11 years from 19 February 2010, expiring on 30 April 2021
Minimum rental income A$2.8 million
FY 2017 Key Financials [  –  ]
Rental income S$3.0 million (2)
(A$2.8 million)
Net property income S$3.0 million (2)
(A$2.8 million)
Average occupancy rate 81.5%
  • (1)The properties were valued by Jones Lang Lasalle Property Consultants Pte. Ltd. using the Discounted Cash Flow approach.
  • (2)Based on the average exchange rate of A$1.00 = S$1.0567.

Mercure Perth 10 Irwin Street

  • Guest Room

    239
    Guest Rooms

  • Land Area

    757 sq m
    Land Area

  • In Valuation

    A$48 million
    In Valuation

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 two F&B outlets comprising Beccaria Bar and Restaurant, and Cucina on Hay. The property has a large heated rooftop swimming pool, modern refurbished pool deck area, spa, and spacious gym. The hotel completed a soft-refurbishment on its rooms in 2017, which transformed the guestroom interiors with a vibrant and colourful new design. 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. The hotel was awarded Gold Planet 21 rating in 2015 for its sustainability efforts.

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