Singapore-based Louis T Collection has ventured into the Australian market by entering into a management agreement with H&M Capital for the New Esplanade Hotel located in Elizabeth Quay, a new mixed-use zone along the Swan River in Perth.
In addition to providing full management services, Louis T Collection will oversee the renovation of the 80-room property, which opened on the site in the early 1900s.
Healy: tourism numbers ‘extremely favourable’
“Given the changing face of the city with the new waterfront development surrounding the hotel, coupled with extremely favourable tourism numbers, the time couldn’t be better to bring the New Esplanade back to its former glory”, said Grant Healy, CEO and co-founder of Louis T Collection.
Details of the hotel’s renovation and launch of the repositioned hotel will be forthcoming over the next few months, according to Healy.