A $12 million apartment block has been approved for a vacant site along Canning Highway that has been described as an "eyesore", next to the Metro Hotel in South Perth.
ASX-listed Transmetro Corporation, the owner and operator of the Metro Hotels group, has sold a surplus landholding adjacent to its Metro Hotel Perth on Canning Highway for $3.18 million.
The owner of South Perth's Metro Hotel is going ahead with a 53-room expansion, despite a softening in demand for Perth hotel rooms, with Cooper & Oxley signed to carry out construction.
