63 / 212
(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$1.0280.
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 Cucina on Hay which is expected to be fully refurbished in 2017, a heated rooftop swimming pool, modern pool
deck, spa, and gym which was fully refurbished in 2016 with addition of refurbished pool deck area. 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 and around the corner
from the popular King Street shopping strip. The hotel also offers a full service restaurant, casual bar and café, 24-hour
room services and three meeting rooms catering for up to 200 guests. Other features include, secure covered parking,
business centre and secure guest access to all hotel floors. 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,
Gold Planet 21 rating in 2015 and Bronze Planet 21 rating in 2016 for its sustainability efforts.
PROPERTY DETAILS
Hotel:
Mercure Perth
Ibis Perth
Number of guest rooms:
239
192
Number of food & beverage outlets:
Two outlets comprising Beccaria
Bar and Restaurant and Cucina on
Hay. Cucina on Hay is expected
to be fully refurbished in 2017
Two outlets comprising the Rubix
Bar and Cafe and Murray Street
Grill
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, and gym
which was fully refurbished
in 2016 with addition of
refurbished pool deck area
Three function rooms for up to
200 guests
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 2016:
A$46.0 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 2016 KEY FINANCIALS
Rental income:
S$3.0 million
(2)
(A$2.9 million)
S$2.0 million
(2)
(A$1.9 million)
Net property income:
S$3.0 million
(2)
(A$2.9 million)
S$2.0 million
(2)
(A$1.9 million)
Average occupancy rate
:
87.1%
80.8%
61
Annual Report 2016
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