JLL closes largest sale of a single hotel asset in New Zealand history
Stamford Plaza Auckland sold for NZ$170m by JLL Hotels & Hospitality Group's Nick Thompson. The largest ever single hotel asset in New Zealand history to go unconditional.
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.
Marriott International signs agreement to bring The Ritz Carlton to Australia’s Gold Coast
Marriott International announced the signing of an agreement with Australian property developers Pelligra Group and Giannarelli Group to bring Australia’s third Ritz-Carlton hotel to the Gold Coast by 2026. The Ritz-Carlton, Gold Coast will serve as an integral component of a $480 million new...
JLL advises on sale of 2ND by hotel androoms in Sapporo and Nagoya
The combination of the weak Yen and expectation of strong industry recovery, following the full re-opening of borders in October, is driving unprecedented interest in Japan hotel investment from across the globe.” says Charlie Macildowie, Senior Vice President, Investment Sales, Asia Pacific,...
Queensland island property sold for circa $3 million by ResortBrokers
The freehold and leasehold interest to Castaways on Moreton sold by ResortBrokers Director Alex Cook and Gold Coast Broker Steve Campbell. The resort in Bulwer on Moreton Island – the world’s third largest sand island sold for $3million.
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.
Wollongong’s Five Islands Hotel sold to Endeavour Hotels by HTL Property
Owned by the Ludlow Hospitality Fund, founded by hotelier Paddy Coughlan; the refurbished Wollongong hotel sold to Mark Kennedy Endeavour Hotels by HTL’s Sam Handy, Dan Dragicevich and Andrew Jolliffe.