The Ritz-Carlton Hotel Company, L.L.C. and Far East Consortium, a leading Asian residential apartment developer, have signed an agreement for the development of The Ritz-Carlton, Perth. The agreement marks the luxury hotel operator’s return 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. It will be the first international luxury hotel in the Western Australia capital city.
Elizabeth Quay is located in the commercial and business district adjacent to the Perth Convention and Exhibition Centre. When completed, its development will also feature 1.5 kilometres of continuous promenades.
“Far East Consortium is privileged to have been selected as the developer of this project by the Western Australian government,” said Tan Sri David Chiu, Far East Consortium’s chairman. “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 Ritz-Carlton is a renowned international luxury hotel operator renowned for its service. The development of The Ritz-Carlton, Perth is a key part of the Elizabeth Quay project and will further strengthen that reputation,” he added.
The ground-breaking 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.
Perth is recognized by the Economist Intelligence Unit as the ninth most livable city in the world.