JLL Hotels & Hospitality Group announces sale of The Sebel West Perth Aire Apartments

On behalf of the ZACD Group, JLL Hotels & Hospitality Group is pleased to announce the successful sale of The Sebel West Perth Aire Apartments for $18.88 million to Capital Bay Investment Pty Limited. While the property had been offered with vacant possession, the purchaser has decided to retain the Sebel brand, maintaining the hotel’s affiliation with Accor.

The Sebel West Perth features 64 separate strata studio apartments occupying the four podium levels of the 22-storey Aire Apartments complex which was completed in 2018. Each serviced apartment features a kitchenette, separate car bay, and private balcony, and building amenities include a heated outdoor pool, conference room, fitness centre, and outdoor dining facilities.

Gus Moors, Managing Director of JLL’s Hotels & Hospitality Group, 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.”

Andrew Langsford, Senior Vice President at JLL Hotels, added, “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.

The property’s prime location at 659 Murray Street offers easy access to Perth’s commercial district, upcoming ECU City Campus, and key entertainment venues.

Sean Flynn, Senior Director, JLL Capital Markets, WA who joined Gus Moors and Andrew Langsford in transacting the sale, commented, “This transaction underscores the ongoing appeal of Perth’s hospitality sector to investors, driven by the city’s economic growth and diverse demand drivers.