Japan’s Prince Hotels launches Policy and Leisure Inn Plus hotel brands
Japanese Seibu Holdings subsidiary Prince Hotels is launching two new brands, Policy Hotels and Leisure Inn Plus Hotels in addition to their existing brands of hotels in Australia after last weeks settlement of Australian-based operator Staywell Hospitality Group for $55 million.
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.
Constructions begins this month on new Melbourne Epping Mantra Hotel
One of Greater Melbourne’s fastest growing areas will benefit from a $70 million hotel development that will service the rapid increase of activity in Melbourne’s booming northern suburbs.
The Pacifica, New Zealand’s highest residential tower and boutique hotel to arrive in 2020
Architect Jaimin Atkins of Plus Architecture New Zealand and developer Hengyi Pacific have created the $300 million, 295 apartment, 35 hotel room Pacifica project in Auckland which is due to start construction next month.
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.
Brisbane's Plough Inn South Bank pub sold for over $13 million
The iconic Plough Inn hotel sold in Brisbane’s premier South Bank tourist precinct in a deal brokered by Brent McCarthy and Joseph Ganim of Savills Hotels which required Ministerial Approval and the approval of South Bank Corporation to Eumundi Group Limited which has purchased the 96 year head...
Crystalbrook Collection purchases Port Douglas’ Reef Marina
Australian tourism and hospitality group, Crystalbrook Collection, has announced its acquisition of The Reef Marina in Port Douglas, which is now to be known as Crystalbrook Superyacht Marina, and its intention to invest a further $100+ million into the Marina.
New luxury hotel for Canberra's historic West Block buildings
The historic West Block buildings in front of new Parliament House will be restored and re-purposed to a magnificent luxury hotel following Geocon’s $6.25 million acquisition of the site from the Commonwealth.
The sale of the freehold interest in 'The Cloey' is rumoured to be worth nearly $34 million which represents a circa 5% yield, a record for large hotel investment properties in deal brokered by JLL National Director John Musca and Colliers International Director Miron Solomons.
