George and Peter Atzemis' $90 million investment into Accor's latest Art Series hotel on Hay Street reflects a return in confidence for the once flagging hotel market.
Finbar Group is inviting expressions of interest from hotel operators for a proposed 18-storey hotel located on Adelaide Terrace, a site previously home to the ABC studios.
Perth's hotel construction boom shows no sign of letting up, with Jaxon set to commence work this month on a 27-storey Mantra hotel that will be a stone's throw from three recently completed hospitality projects at the western end of the city.
Five years ago, modular building manufacturer McNally Group was riding the crest of the giant investment wave that was Western Australia's resources construction boom.
A Singaporean investment group has taken a long-term view on Perth's hotels sector, shrugging off plunging room rates and a massive wave of new developments to purchase the Crowne Plaza Perth for $50 million.
