PERTH’S first new hotel to be built in six years has opened its doors this week with an 80 per cent occupancy rate, amid a critical shortage of CBD accommodation.

The finishing touches were made to the five-star Frasers Suites over the weekend, before the 19-level development was opened to the public this week.

Comprising 236 serviced apartments, Frasers will market itself to executive business travellers.

General manager Bernard Teo said the company, which has properties in 70 countries around the world, targeted Perth because of its high occupancy rates.

He said Frasers was now considering building a second serviced apartment development in the Queens Riverside precinct on the back of the strong growth.

“Perth is enjoying the highest occupancy in the whole world because of the shortage of accommodation,” Mr Teo said.
“We are entering a market where we are able to provide Perth with a new dimension.”
The rooms are fully self-contained, with a kitchens, laundry facilities, king-sized beds, iPod stations, dishwashers and cutlery.

But the building has all the perks of a hotel, including a gym, indoor swimming pool, restaurant and meeting rooms.

Despite being open only a week, Frasers Suites was fully booked for Tuesday, Wednesday and Thursday.

Perth’s hotel shortage has prompted the State Government to introduce incentives to promote development, including the release of CBD land at discounted rates.

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