HONG KONG—The Ritz-Carlton Hotel Company and Fast Consortium, an Asian residential apartment developer, have signed an agreement for the development of The Ritz-Carlton, Perth, heralding the much-anticipated return of the luxury hotel operator to Australia.
Working closely with the Western Australian Government and the Metropolitan Redevelopment Authority (MRA), Far East Consortium will build the 204-room Ritz-Carlton, in addition to residential apartments in the heart of the riverside Elizabeth Quay development on Perth’s waterfront. The hotel is scheduled to open in 2018.
The Ritz-Carlton, Perth will be the city’s first international luxury hotel. Its waterfront position features a sweeping view over the Swan River and the nearby attractions of Kings Park and the Botanical Garden.
Located in the commercial and business district adjacent to the Perth Convention and Exhibition Center, Elizabeth Quay is the centerpiece of Perth’s drive to reinforce its position as an international and contemporary destination for the global affluent traveler. When completed, the project will also feature 1.5 kilometers of continuous promenades to create a destination experience that will attract an estimated 4 million visitors a year.
“Far East Consortium is privileged to have been selected as the developer of this project by the Western Australian Government which will bring the river to the city,” said Far East Consortium Chairman Tan Sri David Chiu. “We look forward to creating a set of landmark buildings on the Perth waterfront which will herald Perth’s arrival as a world class city in Australasia.”
The groundbreaking for The Ritz-Carlton, Perth is expected during 2015. The project will also encompass ground floor retail space, waterfront fine dining experiences, and luxury one-, two-, and three-bedroom apartments.