Accor bolsters its Melbourne portfolio and signs Mercure Melbourne St Kilda Road
Australia and New Zealand’s largest hotel operator, Accor, is thrilled to be expanding its portfolio in Melbourne and pleased to announce a signing agreement with Melbourne identity, Albert Dadon of Ubertas Group, to open a Mercure on Melbourne’s majestic St Kilda Road.
Mercure Pakenham freehold sold for almost $16m by Stonebridge
The freehold interest in the Mercure Pakenham sold to a Melbourne based investor for $15,800,000 on a sharp passing yield. The 64 room Mercure hotel sold on a leaseback for 20 years brokered by Stonebridge’s Rorey James and Kevin Tong in conjunction with Ben Wilson and Emma Dunne of Wilson...
The Espy sold for $64m to Cohen Family brokered by Gorman Allard Shelton
The St Kilda icon the Hotel Esplanade sold for $64 million to the Cohen Family owners of The Block Arcade on Collins Street. Sold on behalf of Sand Hill Road, founders Andy and Matt Mullins, Andrew Larke, Doug Maskiell and Tom Birch, brokered by Gorman Allard Shelton’s Joseph Walton and Jonathon...
c1854 Chateau Yering sold to ASX listed Elanor Investor Group by Burgess Rawson and HTL Property
ASX listed Elanor Investor Group has purchased the spectacular Chateau Yering in Victoria’s picturesque Yarra Valley in a deal brokered by Burgess Rawson and HTL Property.
La Vie Hotels & Resorts grows its presence in Victoria with multi-partnership deal with Amber Property Group
Craig Bond, Managing Director of La Vie Hotels & Resorts, said “We are humbled and incredibly excited to be working with the team at Amber Property Group to manage their beautifully designed Melbourne hotels in Richmond and Ringwood, two of the city’s busiest suburban hubs.
TFE Hotels and Capital Alliance Unite for $340M Docklands Development
Local developer and hotel owner Capital Alliance, in partnership with Australia’s International Hotel Group, TFE Hotels, has announced a first-of-its-kind mixed-use development in Melbourne Docklands, featuring two world class local hotel brands.
Fully leased investment of the Wye Beach Hotel sold by JLL Hotels’ Senior Vice President Will Connolly. Wye Beach Hotel drew over 150 enquiries nationally from private investors to some of the industry’s most recognised capital, culminating in yield circa 4.10% yield. The hotel was eventually...
Victoria’s largest ever pub sale acquired by NSW hotel group brokered by JLL
JLL Hotels & Hospitality is delighted to announce the WestWaters Hotel & Entertainment Complex sold for a combined price of $85m to Oscars Hotels brokered off-market by JLL’s Vice President, Will Connolly and Managing Director, John Musca.
Choice Hotels welcomes Comfort Hotel Melbourne Central
Trent Fraser, CEO of Choice Hotels Asia-Pac, said “I’m thrilled to grow our metropolitan portfolio and welcomes, Comfort Hotel Melbourne Central’s General Manager, Samir Chandnani, who brings global experience to the Choice Hotels network as a third-generation hotelier with family properties...