Starwood Hotels and Resorts Worldwide has announced the signing of an operating agreement for a conversion of Citigate Perth into Four Points by Sheraton Perth.

The agreement was signed between Starwood, an affiliate of GIC Real Estate Pte Ltd, the real estate investment arm of the Government of Singapore Investment Corporation (GIC), and Host Hotels and Resorts.

Under the management of Starwood Hotels and Resorts, the hotel will undergo an improvement programme and is slated to open on 1 June 2012.

This marks Starwood's return to Perth after exiting the market 18 months ago when their management contract at Perth's Sheraton Hotel expired and it was renamed Pan Pacific Perth.

The property was purchased by the joint venture of GIC Real Estate and Host Hotels and Resorts for US$61 million.

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