AccorInvest Australian Hotel Portfolio for sale JLL Hotels
One of Australia’s largest hotel portfolios is for sale by AccorInvest, made up of 23 real estate assets and lease interests located across Sydney, Melbourne, Canberra, Brisbane and Perth, together with several major regional cities.
Marriott International announces vision for Sheraton transformation
Marriott International has announced its transformation vision for Sheraton Hotels and Resorts, the third largest brand in its portfolio which generates $9.2 billion in property revenue globally and currently consists of nearly 450 open hotels.
The most recent research released by Savills Hotels reveals that Australia's average RevPAR has seen an increase of 3.9%, with Darwin (up 18.3%), Cairns (up 6.9%) and the Gold Coast (up 6.5%) the stand out performers.
Victoria's Pakenham Racing Club has listed for sale the popular Cardinia Club that sits on a huge 1.655ha landholding with 105 EGM's and a liquor licence for 425 patrons.
Melbourne based hotels dynasty, the Zagame family, has put its hotel portfolio of six properties located in Melbourne and Vanuatu to market with price expectations of more than $300 million.
International visitor numbers up, domestic travel up, national hotel performance up - and a positive hotel outlook are some of the key takeaways from Deloitte's first 2018 edition of their Tourism and Hotel Market Outlook.
Infrastructure Australia reveals nation-shaping priority projects
Infrastructure Australia, the nation's independent infrastructure advisor, has identified over $55 billion worth of nation-shaping projects in its latest Infrastructure Priority List, with an additional $25 billion of projects now under delivery across the country.
Five things hoteliers should know about depreciation
As owners of a commercial property, hoteliers are entitled to a range of depreciation deductions, however, many hotel owners and operators remain unaware of this tax benefit and thus are missing out on thousands of dollars each year.
Fabio Ongarato Design wins numerous accolades as immersive brand experience takes the spotlight
In addition to the coveted Pinnacle Award for Best Studio, AGDA also awarded Fabio Ongarato Design the Judges Choice Award for Jackalope, and the Pinnacle Award for Environmental Design at QT Melbourne.
