See the depreciation deductions available in a hotel room
Depreciation is one of the most commonly overlooked tax deductions by property investors and research suggests that around 80 per cent of hotel owners fail to maximise the deductions available to them and are therefore missing out on thousands of dollars.
New Zealand’s first Hotel Indigo opening in Auckland
The Auckland CBD will welcome New Zealand’s first 225-room Hotel Indigo in 2021, with IHG officially confirming an agreement with property development company Ninety Four Feet for a new $250m, 41-storey, mixed-use development at 51 Albert Street.
Dunedin Waterfront Project receives Government funding support
The Dunedin Waterfront Project has taken a step forward by receiving Government support with the Provincial Growth Fund (PGF) investing $820,000 in order to complete a full feasibility assessment and develop a business case.
Marriott hotels to remove plastic straws worldwide by July 2019
Marriott International has announced that it has adopted a plan to remove disposable plastic straws and plastic stirrers from its more than 6,500 properties across 30 brands around the world - which would eliminate the use of more than 1 billion plastic straws per year and about a quarter...
New $65m Sudima Auckland Hotel opening next to New Zealand International Convention Centre
Sudima Hotels has announced a new four and a half star hotel in the heart of Auckland’s hospitality and events precinct expected to open late next year, opposite the highly anticipated New Zealand International Convention Centre.
Darwin waterfront Westin Hotel design approved for Landbridge
Landbridge Group has been granted development approval for the $200 million Darwin Port Westin Hotel after purchasing the waterfront site in 2015 on a 99-year lease, with opening slated for 2021.
Quest Epping Apartment Hotel opens in North Melbourne
The 96-room Quest Epping Apartment Hotel in North Melbourne has opened, being the 44th Quest property in Victoria and the second Quest property to open in Melbourne within the last month, following the June opening of Quest Maribyrnong.
Adina Apartment Hotel Brisbane opens in converted heritage building
TFE Hotels has opened the doors to the new 220-room Adina Apartment Hotel Brisbane on the corner of George and Elizabeth streets in the city centre, fully restoring a heritage-listed building that was completed in 1922.
Bursting into the buoyant Western Australian entertainment scene this August, QT Perth will deliver an exciting new hospitality precinct in the heart of the CBD.
Cardrona to become New Zealand's largest ski field
A new partnership has been announced between Cardrona Alpine Resort & Queenstown businessman John Darby, combining the Cardrona and Soho ski areas to form 900ha of skiable terrain, making it the largest single ski field in New Zealand.
