Australia: Serviced apartment property The Sebel West Perth Aire Apartments, located in Perth, has been sold to Capital Bay Investment Pty Limited for $18.88 million.
On behalf of ZACD Group Ltd, JLL managed the sale of The Sebel West Perth Aire Apartments for $18.88 million (£13.84 million) to Capital Bay Investment Pty Limited.
The property features 64 studio apartments, each equipped with kitchenettes and private balconies. Amenities include an outdoor pool, conference room, fitness centre, and outdoor dining facilities.
It is located at 659 Murray Street in the west of the city. Capital Bay will maintain The Sebel brand and its affiliation with Accor.
JLL’s managing director of hotels and hospitality, Gus Moors, said: “This sale demonstrates the continued strength of Perth’s accommodation market and investor confidence in well-located assets with strong fundamentals. The decision to retain the Sebel brand underscores the value of its established market presence and Accor’s distribution network.”
Senior VP of JLL, Andrew Langsford, said: “The Sebel West Perth Aire Apartments’ strategic location, operational flexibility, and now the continuity of its brand affiliation, made it an attractive proposition for the buyer.”
Highlights:
• The Sebel West Perth Aire Apartments have been sold for $18.88 million (£13.84 million) to Capital Bay Investment Pty Limited.
• Capital Bay Investment will maintain the Sebel brand and the property’s affiliation with Accor
• The property features 64 studio apartments with kitchenettes and private balconies, as well as an outdoor pool, conference room, fitness centre, and outdoor dining facilities.
