Pessimism in Perth’s commercial property sector and the alarming office vacancy rate won’t stop development at Elizabeth Quay, according to the Metropolitan Redevelopment Authority.
The future of Karratha’s $70 million DoubleTree by Hilton proposal appears to be tied to the health of the Pilbara economy, with the hotel’s developer forced to redesign the project to finalise a suitable construction financing deal.
Final design works and construction valuations are under way for the long-awaited $70 million DoubleTree by Hilton hotel in Karratha, with building expected to begin before the middle of the year, albeit at a new location, in the Pilbara town’s CBD.
Developer Sirona Capital’s mooted $30 million, 73-room Quest apartment hotel in the west end of Fremantle is the latest in more than $100 million worth of short-stay accommodation projects being planned for the port city.
Tourists and business travellers will soon be spoilt for choice when it comes to luxury hotels in Perth, with a rush of new developments providing new options at five stars and above.