Singapore's Bonvests buys Four Points in Perth from Host JV

Singapore-listed Bonvests Holdings has acquired the Four Points by Sheraton Perth hotel for a reported AUD$91.5 million, around USD $66 million, in reportedly one of the biggest hotel deals on the west coast of Australia. The hotel was sold by a JV between Government of Singapore Investment Corporation and REIT Host Hotels & Resorts called APHV Perth InvestCo.

The 278-room hotel was built in 1985. It sold with a management contract in place with Starwood, running until 2027, reports AFR, which also wrote that rooms sell for about AUD$220 a night. The hotel is across from the Perth Arena.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


The price paid by Bonvests is bested only by Hyatt Centre, which sold for AUD$97 million in 1996, but which also included a car park and office buildings. More recently, the Esplanade in Fremantle sold for AUD$88.5 million in 2012 to syndicator Primewest.

GIC and Host Hotels paid AUD$61 million in 2012 for what was then the Citigate Perth, acquiring it from the unlisted PFA Diversified Property Trust. They spent $22 million refurbishing it.

Bonvests Holdings owns a collection of luxury hotels and commercial properties including the Sheraton Towers Singapore Hotel and resorts in Tunis, Mauritius, Zanzibar and Maldives.

Suggested Articles

SVC plans to transfer the branding and management of 98 Marriott hotels to Sonesta.

Shortly after acquiring six hotel portfolios from Colony Capital, Highgate has assumed management of Trust Hospitality’s portfolio of 22 properties.

The Kelley House is one of the five oldest hotels in the U.S., taking up six buildings in Edgartown, Mass.