Hotel investments hit US$4.5 billion in the first six months of 2019, says JLL
Asia Pacific hotel investments hit US$4.5 billion in the first six months of 2019, with more than half of the capital originating from domestic buyers in Japan, China and Australia, global real estate consultancy JLL have reported.
CBUS Property contributes former Mercure Melbourne Treasury Gardens furniture to Salvation Army
Cbus Property will contribute the majority of furniture from the recently closed Mercure Melbourne Treasury Gardens hotel to international charitable organisation, The Salvation Army, in what is anticipated to be one of the largest corporate contributions in Victoria this year.
The Redcape Group’s full-year distributable earnings in line with the PDS guidance driven by portfolio expansion and enhancement, and like-for-like revenue growth supported by strong food and beverage sales.
Planned Luxury Ritz-Carlton Hotel for Bligh Street, Sydney a step forward
Tourism Accommodation Australia NSW has welcomed news developers of a $750m luxury hotel in the heart of Sydney’s CBD can now submit a State Significant Development application for the project.
The World Bar in Kings Cross reopens as multi-level arts hub, Fringe HQ
Lord Mayor Clover Moore and Minister for the Arts Don Harwin have announced funding to the Sydney Fringe Festival, enabling them to reopen The World Bar in Kings Cross as a multi-level arts hub, Fringe HQ.
The newly opened 97-room boutique-style hotel from the Zagame Group has turned the table on how the industry traditionally approaches “Food and Beverage.”
TIME Magazine celebrates three New Zealand sustainability initiatives
New Zealand has taken three spots in TIME Magazine’s second annual World’s Greatest Places list, winning in different categories all focussing on sustainability and welcome experiences.
Australia experiencing a boom in boutique hotels, reports Tourism Australia
Tourism Australia has reported a boom in boutique and lifestyle hotels in Australia, with consumers seeking small, luxury hotels with cutting-edge design and tailored experiences.
