The West Australian State Government has selected local construction and development firm BGC over international consortiums to develop a 7,350sqm site which aims to address Perth's hotel room shortage.
The proposal by BGC presents a hotel and mixed use development at the former FESA House on Hay Street in Perth's CBD.
It is the first Crown Land site released under the State Government’s hotel development incentive package announced in October last year.
Tourism Minister Kim Hames said :
“This decision means BGC and the State Government enter into an exclusive working period of three months to commence design and contract negotiations to deliver the first incentivised hotel in W.A.”
“However, the final size and design of the hotel will be dependent on BGC and the State Government agreeing to terms during this exclusive working period," said Dr Hames.
“The quality of submissions was extremely high with each proponent submitting a detailed analysis of their proposals, including architect drawings, full cost analysis, financial modelling, land tenure structure and proposed commercial terms.”
Hames added that the shortage of hotel rooms in Perth has had a negative impact on W.A's ability to attract visitors both corporate and leisure with major conferences and events going elsewhere.
“Hotels are critical infrastructure for the State’s economy. Tourism WA is closely monitoring supply and demand to ensure a measured application of the development incentives.”
Images courtesy of the West Australian newspaper.
