Westin Perth
The five-star Westin hotel has 368 rooms, a signature restaurant in 'Garum' by celebrated chef Guy Grossi, and 1700sq m of conference and meeting space.
Malaysia's YTL Corporation has snapped up The Westin Perth for US$144.4 million from a local developer.
The hotel was purchased by two subsidiaries within YTL's hotel division, Starhill Hotel (Perth) and Starhill Hotel Operator (Perth).
The five-star Westin hotel has 368 rooms, a signature restaurant in 'Garum' by celebrated chef Guy Grossi, and 1700sq m of conference and meeting space.
The Westin sale follows another recent sale of Aloft Perth to Singaporean group Hiap Hoe in November.
Operations remain unchanged with the Marriott International continuing to manage both the Westin and the Aloft.
Across the country in Sydney, Singapore’s Frasers Hospitality Trust is reported to be selling The Sofitel Sydney Wentworth, which sits in the heart of Sydney’s central business district.
The hotel was picked up by Frasers Centrepoint in 2014 from US group LaSalle Investment Management and has been held in an offshore hotel real estate investment trust ever since.