The old Northbank Goods Shed site fronting Melbourne's Yarra River has received the green light for a $450 million hotel, residential and commercial redevelopment by privately-owned developer Riverlee.
2017 came to a grand conclusion in the Melbourne hotel sector with the announcement of a hotel to be developed at Chadstone Shopping Centre to be operated by Accor Hotels under the MGallery by Sofitel Brand.
The 419-room Pullman Melbourne on the Park, opposite the famed MCG, is for sale at a time when the Australian hotel market has limited quality investment opportunities nationally yet is receiving unprecedented investor interest.
Melbourne's historic Retreat Hotel going to Auction
Abbotsford’s The Retreat Hotel, best known for featuring in The Sullivans television series, will go under the hammer in March and is expected to fetch over $2.5 million.
Less than an hour from the Melbourne CBD in Drouin South, the historic Glenfyne Gardens is for sale, an established wedding venue featuring a 130-year-old fully restored timber chapel and modern function/reception centre.
The popular East Brunswick Hotel sold at auction for $4.4 million
The under the hammer sale of Melbourne's East Brunswick Hotel has capped off an extremely boisterous end to 2017 for Melbourne pub sales, says brokering agent Will Connolly of CBRE.
Melbourne's BMW dealership sold in $100 million deal
It is the biggest development site deal in central Melbourne this year, Malaysian-backed developer Beulah International has purchased the BMW site on the fringe of Melbourne CBD in a $101,008,888 deal.
Melbourne's Chadstone mall welcomes new $130m Sofitel hotel
AccorHotels, Australia’s largest hotel operator, is the chosen operator of Chadstone’s new $130 million hotel which will manage the luxury hotel under its MGallery by Sofitel brand with construction commencing in early 2018.
$252m Twin-Tower hotel approved for Melbourne's Fishermans Bend
The application for Melbourne development company R. Corporation's $252 million twin-tower apartment and hotel project in Fishermans Bend has been accepted.
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.
