Kar­ratha ho­tel pro­ject stalls

Pilbara News - - News - Peter de Krui­jff

The de­vel­op­ment of a ho­tel next to The Quar­ter in Kar­ratha has stalled af­ter the ex­clu­sive work­ing pe­riod be­tween the devel­oper and the State Gov­ern­ment ended.

Min­is­ter for Re­gional De­vel­op­ment Terry Red­man told Par­lia­ment last week the pre­ferred pro­po­nent, Ramtron Aus­tralia, had not been able to raise the re­sources it had hoped in the given time frame.

Mr Red­man said he had made the de­ci­sion for Land­Corp to re­open the pro­ject to the mar­ket.

“There is in­ter­est in the site,” he said.

Mr Red­man said while the eco­nom­ics of the Pil­bara had changed, in spite of the fad­ing con­struc­tion boom he was pleased with the anec­do­tal feed­back re­ceived since the site had gone back to the mar­ket.

In March, Mr Red­man said he was con­fi­dent Ramtron would be able to or­gan­ise the fi­nan­cial side of things and make the pro­ject a suc­cess.

In 2012, Hil­ton an­nounced there would be a four-star ho­tel built in Kar­ratha with its “boom­ing re­sources in­dus­try”.

Plan­ning ap­proval was given for a $65 mil­lion ho­tel by the Pil­bara Joint De­vel­op­ment As­sess­ment panel for the pro­ject, which would be de­vel­oped by Ramtron Aus­tralia and op­er­ated by Hil­ton on a site op­po­site the pro­posed Kar­ratha Health Cam­pus.

Land­Corp is­sued a call for ex­pres­sions of in­ter­est in July 2013 seek­ing groups with suit­able ho­tel de­vel­op­ment and op­er­a­tional qual­i­fi­ca­tions for a ho­tel de­vel­op­ment in Kar­ratha.

They re­ceived six re­sponses, which in­cluded Black­wat­tle In­ter­na­tional, Lyons Cap­i­tal, Pin­dan Con­tract­ing, Precinct Ho­tel Group, the Pren­diville Group and Ramtron.

In March last year, Ramtron sub­mit­ted a ho­tel pro­posal to the Shire of Roe­bourne for a Hil­ton ho­tel at The Quar­ter site in­stead of on Bal­moral Road.

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