Tuan Sing terminates Perth hotel management contract with Hyatt

It will no longer be a Hyatt-managed hotel by 31 August.

Singapore-based Tuan Sing Holdings has terminated the management contract for Hyatt Regency Perth with the hotel operator as it looks to rebrand the hotel.

Tuan Sing on Monday said it entered into a deed of termination and release with Hyatt of Australia Ltd (Hyatt) and Hyatt Services Australia Pty Ltd (Hyatt Services), ending the management contract for Hyatt Regency Perth by 31 August.

The termination will cost the firm around $2m.

Located at 99 Adelaide Terrace, the 366-key hotel will be repositioned and rebranded as part of the group’s long-term strategy to expand its Australian hospitality portfolio, which also includes the Grand Hyatt Melbourne.

In Singapore, Tuan Sing recently acquired Fraser Residence River Promenade from Frasers Property for $140.899m.

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