PROPERTY PORTFOLIO
PROPERTY PORTFOLIO
(1)
The properties were valued by CBRE Valuations Pty Limited using the Discounted Cash Flow approach.
(2)
Based on the average exchange rate of A$1.00 = S$1.0341.
Mercure Perth and Ibis Perth are both 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
Hydrant Bar and Café, a heated rooftop swimming pool, spa, sauna and gym. Business guests are well catered for at this
hotel with a number of modern meeting rooms available, accommodating up to 350 delegates. The hotel was awarded Gold
Planet 21 rating in 2015 for its sustainability efforts.
Ibis Perth features 192 rooms, just 300 metres from the Murray and Hay Street shopping malls. The hotel also offers a
restaurant, a bar and café, three meeting rooms catering for up to 200 guests, covered parking and a self-service business
centre, making it an ideal location for intimate corporate and personal functions. Ibis Perth is the winner of the 2013 & 2014
Australian Hotels Association awards for best mid-range accommodation and winner of the Western Australia Tourism Gold
Standard Accommodation Award for 2011 & 2013. The hotel was awarded the ISO 14001 environmental certification and
Gold Planet 21 rating in 2015 for its sustainability efforts.
PROPERTY DETAILS
Hotel:
Mercure Perth
Ibis Perth
Number of guest rooms:
239
192
Number of food &
beverage outlets:
Banquet/Conference/
Meeting facilities:
Car park facilities:
32 car park lots
13 car park lots
Land area:
757 sq m
1,480 sq m
Gross floor area:
22,419 sq m
9,650 sq m
Title:
Strata Freehold
Freehold
Vendor:
Tourism Asset Holdings Limited
Tourism Asset Holdings Limited
Purchase price at 18 February 2010:
A$36.2 million
A$21.6 million
Valuation
(1)
as at 31 December 2015
:
A$45.7 million
A$32.0 million
MASTER LEASE DETAILS
Master lessee:
AAPC Properties 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
A$1.9 million
FY 2015 KEY FINANCIALS
Rental income:
S$3.1 million
(2)
(A$3.0 million)
S$2.1 million
(2)
(A$2.0 million)
Net property income:
S$3.1 million
(2)
(A$3.0 million)
S$2.1 million
(2)
(A$2.0 million)
Average occupancy rate
:
90.2%
84.8%
Two outlets comprising Beccaria
Bar and Restaurant and Hydrant
Bar and Café
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
Two outlets comprising the Rubix
Bar and Café and Murray Street
Grill
Three function rooms for up to 200
guests
61
Annual Report 2015
