The Ambarvale Hotel in south-western Sydney has been sold to private hotel interests for $21.2 million in the latest sign of demand for pub investment opportunities.
Clifton Suites on Northbourne changes hands in off-market sale concluded by Mark Durran, Managing Director – Investment Sales, Australasia, JLL Hotels & Hospitality Group.
Novotel and Ibis Hotel Christchurch Sold for NZ$43 million
Dean Humphries, Colliers’ National Director of Hotels sold the accommodation hotels, with on-going management by AccorHotels, to an offshore investment company to complement its existing New Zealand hotel portfolio.