In one of WA’s biggest hotel sales, the Perth Westin Hotel has sold for over $200 million.
The vendor BGC (Australia), is a family owned group founded in the 1960's by Len Buckeridge. BGC is now owned by Perth locals Andrew and Samuel Buckeridge and is among Australia's top ten largest privately owned companies.
The sale was arranged by Mark Durran and Tom Nattrass of JLL Hotels & Hospitality Group. The purchasers are confirmed to be YTL Hotels subsidiaries, Starhill Hotel (Perth) and Starhill Hotel Operator (Perth). YTL Hotel is the hospitality arm of YTL Corporation Berhad, a Malaysian infrastructure conglomerate, founded in 1955 by Yeoh Tiong Lay.
The Westin Hotel sits behind Perth landmark, Hibernian Hall. Opened in April 2018, the 26-storey, 5-star hotel includes 368 rooms, two basement levels of car parking for 181 vehicles, 7 function rooms, an 800 sqm ball room, a business centre, club lounge, day spa, gymnasium, swimming pool and bars. Its signature restaurant, Garum, is a Roman osteria, established by celebrity chef, Guy Grossi. Hibernian Hall was built in 1902 by contractor D. Hehir in the Federation Free Classical Style, and was originally developed as a social club to serve the Irish community of WA.
Pre the re-development of the property, the site traded at $8 million in 2013.