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.
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.
Hotel and resorts operator Mantra Group has been confirmed as the partner for a new property at 900 Hay Street by local developer George Atzemis, following the opening earlier this month of Mantra's new Peppers Hotel opposite Kings Square.
A community-first focus is paying dividends for shopping centre owner GPA, with its Empire Village Shopping Centre becoming a new focal point in City Beach.
Four Perth property sales worth $210 million have been announced in the past fortnight, including Herdsman's largest office building, an iconic city shopping arcade and two industrial properties.
LONG-TIME business partners Con Berbatis and George Atzemis are best known in property circles for their retail investments, but sluggish consumer spending has sharpened the pair's focus on Perth's