A brand new five-star boutique hotel being created as part of one of Auckland’s tallest and most luxurious residential towers in central Auckland, The Pacifica, is being marketed for sale by Warren Hutt and Peter Hamilton of CBRE for developers Hengyi Pacific.
Many New Zealand hotel markets are outperforming their Australian counterparts as demand for rooms continues to outstrip supply with Queenstown, Auckland and Rotorua among Australasia's top markets.
Five-star Horizon Hotel opening in Auckland next year
Auckland's new five-star Horizon Hotel will open in late 2019, bringing 303 new high-end rooms to the city centre being built alongside the New Zealand International Convention Centre.
QT Hotels which has launched two hotels in New Zealand in the past 12 months, has expanded the QT Museum Wellington Hotel by adding 18 rooms, and reveals that more are on the horizon across the country.
TFE Hotels to open its tenth Vibe Hotel in Melbourne CBD
Construction has started on a new 206-room, 24-storey Vibe Hotel in Melbourne's CBD planned to open late 2019, continuing the momentum of the Vibe Hotels brand which will see its portfolio grow from nine hotels to twelve by the end of this year.
Perth's new $3.8bn Belmont Park redevelopment underway
Standing proud on the banks of the Swan River adjacent to Perth’s new 60,000 seat stadium and internationally renowned Crown Perth resort, Belmont Park will be at the heart of Perth’s entertainment and sporting precinct.
Second Sydney airport development paves the way for new metropolis
Australia’s largest capital city is in a state of major transformation, with the imminent construction of Sydney’s second airport at Badgery’s Creek paving the way for a new metropolis of three cities that will be home to more than eight million people over the next 40 years.
Australia's Q1 2018 hotel market continues 2017's momentum
CBRE's latest Australia Hotels Marketview Q1 2018 report released today finds that the first quarter of 2018 maintained the momentum of the final few months of 2017, with a number of hotels transacting across the country.
Dransfield release their Hotel Futures 2018 report
Dransfield's latest Hotel Futures 2018 report indicates that with a positive supply and demand equation expected, sustained high occupancy and opportunity for rate growth will continue to see the tourism sector flourish in Australia.
The summer of 2017/18 has proven to be another record breaking season for the New Zealand tourism sector with record visitor numbers driving exceptional hotel performance metrics across the majority of its key markets.
