YTL Corp buys Westin Perth hotel for RM591mil

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PETALING JAYA: YTL Corp Bhd has purchased the Westin Perth for over A$200mil (RM591mil), which is one of the biggest hotel sales in Perth.

According to The Australian Financial Review, Perth-based developer and construction group BGC, which was founded by the late Len Buckeridge, confirmed it had sold the hotel to two subsidiaries within YTL’s hotel division, Starhill Hotel (Perth) and Starhill Hotel Operator (Perth), on Tuesday.

“BGC developed the five-star Westin hotel, a 368-room luxury hotel at 1 Hibernian Lane on the east side of the Perth CBD with 28 furnished suites, the signature restaurant in ‘Garum’ by celebrated chef Guy Grossi, and 1700 sq m of conference and meeting space,” said the report.

According to BGC’s website, the group is among Australia’s top-10 largest privately-owned companies by turnover, and a number of its operations span Australia.

In November, BGC signed an agreement with Singapore-based Hiap Hoe Ltd for the sale of the Aloft Hotel and 25 Rowe office complex in Perth, Western Australia, for A$100mil.