Pilbara hotel project calls for developers
A multimillion-dollar hotel earmarked for the Pilbara region in Western Australia will revitalise ...
A multimillion-dollar hotel earmarked for the Pilbara region in Western Australia will revitalise the town of South Hedland, attracting more private and commercial property investment in the area.
Expressions of interest are being called for developers to take on the project, which is part of the local government's plan to redevelop and transform the area of South Hedland.
State regional development and lands minister Brendon Grylls said the planned 3,472 sq m hotel will address the region's critical shortage of affordable accommodation and increasing demand for hotel rooms.
He commented: "It will provide much-needed, high quality, short-term accommodation in the town, with the additional feature of retail and commercial outlets at ground level."
With major developments earmarked for the region, property investors may be interested in the availability of commercial real estate in the area.
South Hedland's close proximity to the state's mining sector is likely to result in higher yields for commercial and retail property owners in the region.
"The project, part of the state government's Pilbara Cities vision, will provide the successful proponent with the opportunity to develop a legacy building that embodies South Hedland's transition into a modern, vibrant regional city," Mr Grylls explained.
Expressions of interest for the development will close November 1.