New five-star resort announced for Margaret River region
A new five-star resort in the tourism hotspot has been announced for Western Australia’s Margaret River region.
The Westin Margaret River Resort & Spa is a joint development between Saracen Properties and Security Capital Australia.
CBRE Hotels and KWM acted as joint exclusive advisor to negotiate the Hotel Management Agreement with operator, Marriott International.
Located on the southern headland of Gnarabup Beach, the luxurious resort has been designed by architects, Christou Design Group.
The earmarked site has direct access to the famous Cape to Cape walking trail, nearby national forests, ancient caves and world-class surf breaks.
The resort will be positioned in the heart of the famous wine region, just 10km from the Margaret River town centre.
CBRE’s Head of Capital Markets for Western Australia, Aaron Desange said the announcement was particularly welcomed in the current climate.
“The Westin Margaret River Resort & Spa will be a major drawcard for the South West region and will further boost Margaret River’s presence on the international stage. More than 15 regional and international operators bid for this opportunity, which underlines the scarcity of five-star resort development opportunities in thriving regional Australian leisure markets,” he said
“Importantly, this announcement will increase the region’s luxury tourism appeal, which will help contribute to injecting much-needed revenue back into our state after particularly challenging economic times.”
Scheduled to open in 2023, the Westin Margaret River Resort & Spa, is expected to feature 120 guestrooms, three on-site dining venues, 400 square metres of meeting space, extensive leisure facilities, including a resort-style outdoor swimming pool, and day spa.
