Ascott acquires majority stake in Quest Apartment Hotels for A$180 million to become largest serviced residence provider in Australasia
CapitaLand’s wholly owned serviced residence business, The Ascott Limited (Ascott), is acquiring an additional 60% stake in Quest Apartment Hotels (Quest) for A$180 million (S$191 million).
StayWell Hospitality Group joins leading Japan hotel group Prince Hotels
The A$50 million acquisition will add the 30 hotels operated and developed by Staywell Hospitalty Group in 7 countries to the existing Prince Hotels network which serves as the core of the Seibu Group's hotel and leisure businesses.
Mandarin Oriental to open luxury hotel and residences in Melbourne
Mandarin Oriental Hotel Group has signed a management contract for a new luxury hotel and branded residences in Melbourne, Australia. The project, designed by award-winning architect, Dame Zaha Hadid and to be developed by Landream, is expected to open in 2023.
Hospitality giant Wyndham Hotel Group is strengthening its presence in Western Australia with the announcement of its third Perth hotel, to be developed by NXT TEC. Ltd., set to open in late 2018.
Shangri-La confirmed for luxury Melbourne CBD Development
S P Setia Berhad Group, the premier Malaysian property developer, and Shangri-La Hotels and Resorts, the leading Asia-based luxury hotel group, has announced Shangri-La as the official hotel operator for the planned landmark luxury development in Melbourne’s CBD.
Mantra Group Secures Management Rights of GURNER™’S $600M ‘FV’ Project in Brisbane
Trudy Crooks and Tim Crooks of Resort Brokers Australia have negotiated on behalf of luxury property developer GURNER™, the successful sale of the building management rights to its landmark $600m ‘FV’ project in Brisbane to Mantra Group’s high-end ‘Peppers’ brand.
New owner toasts acquisition of North Sydney's Greenwood Hotel
The Balmain Pub Group (BPG) has sold its leasehold interest in the iconic Greenwood Hotel in North Sydney for just over $10 million to well-known Sydney hotelier Simon Tilley.
JLL Hotels & Hospitality Group sells Four Seasons Resort Bora Bora
Developer Thierry Barbion and Alatau Hospitality, an investment fund of Lancaster Group Kazakhstan led by Kassym Abzhanov, sold the resort to a private equity hospitality fund led by Gaw Capital.
StayWell Hospitality Group Launches Leisure Inn Shrey, Jodhpur
Australia’s largest privately owned hotel management company StayWell Hospitality Group will extend its international footprint today with the opening of the company’s fifth property in the Rajasthan market, the Leisure Inn Shrey in Jodhpur.
Ovolo Group expands Australian footprint to Brisbane
Located in the heart of Brisbane’s CBD, The New Inchcolm Hotel & Suites purchase by Ovolo Hotels was facilitated by JLL Hotels & Hospitality Group Vice President, Tom Gibson and Executive Vice President, Peter Harper.
