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Quest ramps up WA presence; more than doubling rooms across the State

July 3, 2014 Hotel Developments No Comments Email Email

Leading serviced apartment provider, Quest Serviced Apartments is more than doubling its room numbers in Western Australia over the next two years in response to increasing demand from a thriving corporate sector.

Three of the properties are located in central Perth on Adelaide Tce, Kings Park Rd and Mounts Bay Rd, one on Flinders Lane in Rockingham and the unnamed (28)fifth on the corner of Pakenham and Short Streets in Fremantle.

Quest CEO, Zed Sanjana announced the five new properties on Monday 30 June, alongside the Member for Perth Eleni Evangel MLA, representing Premier Colin Barnett, during an inspection of the Quest Kings Park Road site. 

Quest currently operates nine properties in WA (Bunbury, Harbour Village, Mandurah, on James, on Rheola, Scarborough, South Perth, West End and Kalgoorlie), providing accommodation to around 30 thousand business travellers each year. When doors open on these new properties, Quest will offer a total of 871 rooms across the State, hosting more than 60 thousand extended-stay business travellers each year – a 128% increase on the existing number.

All five properties have received Development Approval and construction has commenced on all except Fremantle and Adelaide Tce, both of which are expected to see works start in the next month.

Mr Sanjana said favorable economic conditions have positioned Quest well to proceed with the company’s growth strategy in WA.

“Demand for extended stay accommodation is currently exceeding supply in Australia, nowhere more so than in Western Australia. Perth has leading occupancy rates with high room yield growth which is set to continue thanks to the State Government’s unnamed (29)commitment to growing the economy,” explained Mr Sanjana.

“The demand in the West is being primarily driven by the corporate market and we feel the time is right to capitalise on these strong economic indicators and push our growth, with five new developments underway to more than double our current room numbers.”

“We have great confidence in these five new locations, based on the current undersupply of accommodation and a number of key economic drivers, in addition to the numerous infrastructure developments currently planned in the surrounding areas.”

Despite some decline in commodity prices, significant investment continues in Western Australia, with a number of major projects presently underway in Perth including Elizabeth Quay, Perth City Link, Riverside and a major sporting stadium.

Further strengthening the capital city’s position for major investment is the $750 million transformation of Perth Airport currently taking place. The city also has the added benefit of being ideally located in the world’s most populous time zone, with easy business access to Europe, Asia and the USA.

Although energy and resources play a huge role in the strength of WA’s economy, the State does not solely rely on the mining industry, with strong growth occurring in professional services and creative industries. Renewable energy and technology are also key areas that WA is focusing on, in addition to tourism, wine production, fishing and manufacturing. unnamed (30)

Premier Colin Barnett said he was pleased to hear Quest’s growth plans for the State, highlighting the benefits the five developments would make to Perth.

“The State Government is very pleased that Quest has identified Western Australia as a State for future growth, which will deliver significant benefits to Perth and the State through job creation and by providing more accommodation choices for the booming corporate market,” said Premier Barnett.

“The regional headquarters of some of the most highly regarded global companies in the resources and energy space are located in Perth, including Rio Tinto, Chevron, AngloGold Ashanti, ATCO and BHP Billiton.  The city also hosts a number of major events including the world’s largest oil and gas conference scheduled for 2016.”

“It is good to know that companies such as Quest are investing in WA to ensure we can continue to provide high quality accommodation options to the increasing number of corporate travellers visiting the State.”

These announcements come on top of the eight new Quest properties already scheduled to open nationally in 2014 across a range of CBD, suburban and regional locations. Most recently Quest Abbotsford (VIC) was opened in May, to be followed by King William South (SA), Woolloongabba (QLD), Berrimah (NT), Wellington (New Zealand), Newcastle West (NSW), Melbourne Airport (VIC) and Townsville (QLD).

Quest’s five new WA properties include:

130 Mounts Bay Road, Perthunnamed (31)

Construction has started

71 keys

15 Flinders Lane, Rockingham

Construction has started

96 keys

54 Kings Park Road, Perth

Construction has started

72 keys

Corner of Pakenham Street and Short Street, Fremantle

Early works to start in July

120 keys

176 Adelaide Terrace, Perth

Construction to start in late July

130 keys

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