With the future for hospitality in Auckland looking bright, AccorHotels is set to debut its latest property, the 130-key SO Sofitel Auckland in October 2018.
Queenstown and Auckland record strong RevPAR growth
Savills Hotels has reported that New Zealand wide RevPAR has increased 9.7%, with Queenstown and Auckland continuing to perform strongly recording RevPAR growth of 18.6% and 8.0%, respectively.
Get to know Peter Hamilton of CBRE Hotels New Zealand
Peter Hamilton, Director of Hotels, Valuation and Advisory Services for CBRE New Zealand talks to The Hotel Conversation about his personal experiences and the country's booming tourism sector.
The Motel Oasis complex which consists of 15 spacious units and a conference facility, all air-conditioned, very well appointed with quality chattels was sold by Brent Hannah of Resort Brokers New Zealand.
Auckland's $40m Federal Street Car Park sold to ICD a prime candidate for new hotel development
The $40 million sale of Auckland's Federal Street Car Park building to Australian property group ICD Property Investment has achieved one of the highest price per square metre rates ever recorded in the Auckland CBD and will potentially pave the way for a new luxury hotel development.
A brand new five-star boutique hotel being created as part of one of Auckland’s tallest and most luxurious residential towers in central Auckland, The Pacifica, is being marketed for sale by Warren Hutt and Peter Hamilton of CBRE for developers Hengyi Pacific.
Many New Zealand hotel markets are outperforming their Australian counterparts as demand for rooms continues to outstrip supply with Queenstown, Auckland and Rotorua among Australasia's top markets.
Five-star Horizon Hotel opening in Auckland next year
Auckland's new five-star Horizon Hotel will open in late 2019, bringing 303 new high-end rooms to the city centre being built alongside the New Zealand International Convention Centre.
QT Hotels which has launched two hotels in New Zealand in the past 12 months, has expanded the QT Museum Wellington Hotel by adding 18 rooms, and reveals that more are on the horizon across the country.
226-key Oaks Wellington CBD hotel opening next year
Oaks Hotels & Resorts is set to make its debut in Wellington on New Zealand's North Island, announcing plans to launch Oaks Wellington next year - converting the former Colonial Motor Company Building site (originally constructed in 1923) into a contemporary 4.5 star hotel.
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.
