Why investors need to check-in to NZ’s motel sector
New Zealand’s accommodation sector is in an enviable position, with the number of tourists surpassing the number of beds available with motels being a cost-effective point of entry.
The 2017 financial year has exceeded all of Resort Brokers New Zealand expectations, with the final two transactions being settled before the end of March, their total gross sales value eclipsed the previous financial year result.
Brisbane's Emporium Hotel South Bank set to open in July
Brisbane's new flagship Emporium Hotel South Bank in the $600 million Southpoint development is set to open on 1 July 2018, with bookings for accommodation, conferencing and events now available.
The ACT Government has approved the $1 billion Republic development, the largest mixed-use project ever approved in the national capital, including the city’s tallest and highest building.
The four year partnership extension will see AccorHotels continue as the official accommodation partner of the NRL, supporting Clubs and State of Origin teams across Australia and New Zealand.
Laing O’Rourke awarded $955m Sydney Central Station contract
The $955 million project will see Laing O’Rourke renew Australia’s busiest commuter hub, transforming it into the gateway to the new Sydney Metro network.
Wyndham Hotel Group today announced its first resort on the New South Wales South Coast, Ramada Resort Batemans Bay – the town’s first new resort to open in more than five years.
Stats NZ has reported that guest nights spent in short-term accommodation reached record levels in January 2018 rising to 4.97 million, 1.4 percent higher than in January 2017.
