Pro-invest initiative enables Aareal Bank’s largest Green Loan for a hotel portfolio in the APAC region
This strategic financing initiative has enabled the refinancing of 5 key properties in Pro-invest’s hotel portfolio. These properties have met the stringent criteria of Aareal Bank’s Green Finance Framework.
First Speakers Announced Inaugural Maximum Occupancy West Coast Conference
Today, the inaugural Maximum Occupancy West Coast Conference announced its first speakers. Scheduled for 16 April 2024 at the Crown Perth, the conference will include a cross-section of leaders in the Western Australian accommodation industry, East Coast and abroad.
Rick Kelly announces Palm Springs inspired oasis Resort Mildura
Trentham Waters Resort due to welcome guests late 2024 to early 2025 is the brainchild of renowned former V8 Supercar Champion and two-time Bathurst 1000 winner Rick Kelly and his esteemed father, John Kelly, who, with the Kelly family group, were responsible for building and growing one of the...
Accommodation Australia appoints David Mansfield new Chair of its National Board
The nation’s peak accommodation body, Accommodation Australia, has appointed respected industry figure David Mansfield as new Chair of its National Board.
Australia’s next Olympic state sweeps the podium in 2023 hotel performance improvement - JLL
Almost all Australian tourism and accommodation markets are coming off a record year with 2023 being one of, if not the best, 12 months of trade recorded. Whilst many markets recorded strong gains, it was Queensland that was the standout performer, according to JLL Hotel & Hospitality Group’...
Pub sale to bring a taste of London to Brisbane’s South Bank
The Rose & Crown will open its doors in South Bank following the leasehold sale and refurbishment of what was formerly known as the Little Big House, situated within a two-storey Queenslander built in the 1880’s.
The Australian Hotels Association (WA) has welcomed today’s groundbreaking announcement by the WA Government which will place tourism investment front and centre.
Hotel investors ride out economy at high end of town as Premium assets redefine market - Colliers
Transaction volumes for Premium hotels increased by 20.9% last year, as investors bet on continued high-performance and resilient pricing, according to Colliers Hotels Investment Review 2023 commented Colliers Head of Hotels Transaction Services Karen Wales.