Karratha hotel project stalls
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.