Griffith’s Quest Apartment Hotel sells for over $15m
Strengthening investor interest in Australia’s regional hotel market has underpinned the sale of Quest Apartment Hotel in Griffith for $15.25 million - representing a strong yield of 7.5%.
The wait is over for boutique-hotel lovers wondering what award-winning hotel group, Ovolo Hotels, has been keeping up its sleeve following last year’s acquisition of Brisbane’s New Inchcolm Hotel.
AMP Capital today announced it is commencing construction of Quay Quarter Tower following more than five years of planning and obtaining development approvals for the site, bringing a new tourism landmark to the city in 2021.
The Gold Coast 2018 Commonwealth Games will showcase the very best of the city over the next 11 days, with the latest Tourism Research Australia numbers confirming 13.12 million Gold Coast visitors spent a collective $5.09 billion for the year ending December 2017.
A $583 million redevelopment of the Lindeman Island resort has been given the green light, six years after Chinese tycoon William Han bought the Whitsunday Island after the destruction of Cyclone Yasi in 2011.
Melbourne’s latest CBD hotel development opportunity
Melbourne CBD’s hotel sector continues to boom with a new DA approved 130-room hotel tower for sale via Ray White’s leading hotel brokers Andrew Jolliffe and Mark Bullock.
A survey of hundreds of travellers around the globe by The Rees Hotel Queenstown, New Zealand has shown that hotels remain by far still the tried and true favourite for both leisure and business guests.
Holiday Inn Melbourne on Flinders’ refurbishment complete
Holiday Inn Melbourne on Flinders has completed the refurbishment of all its guest rooms, bathrooms and suites, giving travellers to the city a fresh, joyful hotel experience in the heart of the city.
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.
Boutique accommodation operator sought for former DJs building
Iris Capital has issued an Expression of Interest to explore if there is potential for the former David Jones building to be used as a boutique accommodation hotel.
