Malaysian-based developer SKS Group has appointed CBRE’s Aaron Desange, Ryan McGinnity and Chloe Mason to market for sale the brand-new hotel, which is located in the heart of Perth’s entertainment and cultural precinct, Northbridge.

The hotel, which is located on a site area of 1,666sqm, features 206 guest rooms over 15 levels. It is subject to a 15-year management agreement with Hilton Hotels, which manages an existing four venues under the DoubleTree brand in Melbourne, Cairns, Darwin and Alice Springs.

SKS Group is currently developing what will become the next venue under the brand, Doubletree by Hilton Perth-Waterfront.

Mr McGinnity said the sale coincided with an exciting period of growth in Perth’s hotel market.

Click here to view Ryan McGinnity's profile on The Hotel Page.

“The opportunity to purchase DoubleTree by Hilton Northbridge is expected to attract demand from both offshore and local groups, following in the path of major transactions, including Holiday Inn Perth, Aloft Perth and Westin Perth,” Mr McGinnity said.

“Hilton has been operating in WA for more than 50 years through the Parmelia Hilton Perth, with its commitment to DoubleTree by Hilton Perth-Northbridge and DoubleTree by Hilton Perth-Waterfront further evidence of its confidence in the local market.”

See also: DoubleTree by Hilton Perth Northbridge officially opens

Mr Desange said the sale represented an outstanding opportunity to acquire a world-class hotel in a premier location.

“DoubleTree by Hilton Perth-Northbridge is an outstanding new hotel located at the heart of Perth’s rapidly evolving cultural and entertainment precinct. Its premier location offers easy access to Perth’s office district, capturing both the corporate market and catering to leisure guests,” Mr Desange said.

“Perth is quickly becoming the beneficiary of purchasers being priced out of Sydney and Melbourne and is now considered to be a market in the growth phase of its economic recovery. Investors are spending more time concentrating on Perth acquisitions to ensure they can deliver targeted returns.”

Click here to view Chloe Mason's profile on The Hotel Page.

The hotel is being offered for sale via expressions of interest closing Tuesday 30 April 2019.

See hotels for sale across Australia:

Travelodge Adelaide hotel for sale - Karen Wales, Gus Moors, Colliers International

Best Western Hotel for sale, Gregory Terrace, Brisbane

Mantra MacArthur Canberra Hotel for sale

5-star 'Midnight Hotel' Canberra for sale Mark Durran JLL Hotels

See sold hotels across Australia:

Westin Perth Hotel sold for over $200m - Mark Durran JLL Hotels

Hilton Surfers Paradise sold for $70m to Jerry Schwartz

Travelodge Rockhampton hotel sold to Chinese investor after a spate of regional Queensland hospitality sales

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