Marriott International's rapid expansion into Australia
Marriott is on track to grow to 50 hotels over the next four years across the region, which includes Australia, New Zealand, Samoa, Fiji and New Caledonia.
A preliminary report from data agency STR for November 2016 indicates a significant increase in levels of hotel occupancy and average daily rate in the Sydney market.
Novotel Melbourne on Collins, has been sold to Frasers Hospitality Trust for AUD 237 million
Craig Collins, CEO Australasia, JLL's Hotels & Hospitality Group together with Simon Rooney, Head of JLL's Retail Investments - Australasia brokered the transaction.
The CBRE Hotels team of Glenn Price, Daniel Dragicevich, and Darren Collins have sold the Lantern Hotel Group's Real Estate on Ann Street, Fortitude Valley.
Hotel investors still on the lookout amid COVID-19 - CBRE Survey
The Australian hotel industry remains cautiously optimistic about medium-term investor appetite amid the COVID-19 pandemic, according to CBRE Research’s latest Hotel Market Survey.
Emerging 'dark kitchen' trend among food retailers - CBRE
As Australia’s hospitality retailers look towards delivery services to bolster business during the COVID-19 pandemic, CBRE has released a report on the emerging dark kitchen trend feeding Australia’s growing meal delivery economy.
