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%.
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.
This morning's announcement of a new 168-room Hotel Indigo Sydney Central opening in 2021, will give travellers a new destination to satisfy their curiosity when staying in Sydney thanks to IHG and Watson Elite.
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.
After a 4 week international marketing campaign by Ray White Group's Number One agent internationally, Andrew Jolliffe, has this morning sold under the hammer the Padstow Park Hotel for $26 million.
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.
Mollymook ‘golden triangle’ motel fetches $6.57 million
Mollymook Shores Motel, boasting prime beachside location within what’s known in property circles as Mollymook’s ‘golden triangle’, has been sold for $6.57 million.
Sydney's newest hotel with 43 million reasons to buy
Having opened its doors only last month, Felix by 8Hotels Sydney Airport has been put on the market next door to Australia's busiest airport which catered approximately 43 million passengers in 2017.
Having sold the Tennyson Hotel to Justin Hemmes in late 2016 for a record auction price of $37.5m, leading property broker and Ray White Hotels Asia Pacific Director Andrew Jolliffe has been appointed exclusive agent for the auction of anther JDA property in the form of the Padstow Hotel in...
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.
