Wyndham Hotel Group completes $170 million acquisition from Northcott Hospitality
The AmericInn brand and its hotel management company, Three Rivers Hospitality has been successfully acquired by Wyndham Hotel Group for $170 million, boosting the hospitality giant's footprint of more than 8,100 hotels.
Gaw Capital's $340 million purchase of The Standard Hotel NYC
In one of the largest single-asset New York City hotel deals of the year, Hong Kong private equity fund Gaw Capital is obtaining a $170 million loan from French Bank, Natixis, to provide a 10-year acquisition loan for The Standard Hotel in New York City.
Paul Hogan syndicate to pay $21m for Brisbane's Queen's Arms Hotel
A new $100m hotel syndicate, headed up by Nick Politis and Peter Ashelford, is set to pay $21 million for Brisbane's Queen's Arms Hotel, along with former Crocodile Dundee star, Paul Hogan.
The HotelsWorld 2017 ‘Deal of the Year’ winner is...
iProsperity won the prestigious “Hotel Deal of the Year” award at the recent HotelsWorld 2017 conference for the acquisition of Novotel Glen Waverley, brokered by Colliers International.
Mantra Group acquires Art Series Hotel Group for $52.5m
Tim Crooks and Trudy Crooks from Resort Brokers Australia have brokered the acquisition of the Art Series Hotel Group by Mantra Group for $52.5 million.
Australasian travellers are set to be energised with hotels and airlines promoting ‘wellness’
The travel experience is set to be enhanced with the EVEN Hotel Auckland and Qantas' new Perth - London long haul flights offering holistic wellness through exercise, diet and amenities
Finbar announces $12.5m Perth serviced apartment sale to ZACD Group
ASX-listed Western Australian developer, Finbar Group Limited, has announced the sale of 64 studio apartments at its Aire West Perth development to Singaporean-based ZACD group.
Adelaide's $300 million world class entertainment precinct to begin construction in 2018
The Adelaide Casino will be transformed into a world-class integrated entertainment destination under an agreement with the Government of South Australia, announced this week by SKYCITY Entertainment Group.
Horse racing pedigree to enter the boutique hotel market with Sofitel
AccorHotels has announced its partnership with renowned thoroughbred horse sales company William Inglis & Son Ltd to open a new-build luxury boutique hotel under the MGallery by Sofitel brand.