It may have only taken about 18 months to build, but Perth's newest hotel – the recently opened Aloft Perth in Rivervale – was a six-year journey for the world's largest hotel operator, and one of Western Australia's biggest home-grown builders.
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.
Talk of hotel oversupply in Perth has been exaggerated, with new higher quality projects to be a welcome alternative to older and potentially obsolete hotels in the city, an industry analyst says.
Perth's tourism sector is expected to receive a boost from the Ritz-Carlton & The Towers proposal at Elizabeth Quay, with national construction contractor Probuild confirming it has been appointed to undertake the project.
