The Ranges, Karratha, WA

Karratha is the largest community in the Pilbara Region and is home to approximately 15,000 people. The Pilbara Region has a rapidly growing population and a number of large scale natural resource projects underway comprised mainly of oil and gas together with iron ore and mineral mining. Continuing investment in new projects and public infrastructure are expected to drive further economic and population growth in the Pilbara Region, which in turn will lead to increasing demand for permanent and short-term accommodation.

The Ranges is conveniently located 1.5 kilometres from Karratha’s CBD. Folkestone’s 30.0 per cent interest in The Ranges is in a joint venture with a consortium including experienced real estate developers and investors who have extensive experience in developing and marketing real estate in Western Australia, including the North West of Western Australia.

Stage 1 of The Ranges comprises 2.2 hectares with a “Tourism” zoning and DA approval for 108 single level, one bedroom serviced villas with pool and BBQ facilities in Karratha, WA. To date, 73 units have been completed.

In September 2017, the hotel was renamed Best Western Plus The Ranges, allowing the hotel to tap into the extensive Best Western network.

The Ranges, Karratha as at 31 December 2017

Sector Accommodation
Location Karratha, WA
Area/Size Stage 1 – 2.2ha
Stage 2 – 7.1ha
Acquired Stage 1 – June 2011
Stage 2 – January 2013
Total Villas Stage 1 – 108 (73 Completed)
Ownership Interest 30%
JV Partner Various Parties

For more information, please click here to go to The Ranges website

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