"Sydney's high occupancy levels illustrative of strong underlying demand" - Knight Frank
According to leading hotel researcher STR Global, Sydney hotels currently enjoy occupancy of over 85%, the highest out of all major cities in Australia. This has largely been underpinned by strong demand for quality accommodation from tourists and business travellers.
Crowne Plaza Coogee Beach hotel to undergo refurbishment
Crowne Plaza Coogee Beach has announced it is embarking on an exciting multi-million dollar renovation as part of its ongoing commitment to adapt, innovate and transform, to meet the needs of the evolving modern traveller.
Simon McGrath named in this year’s Queen’s Birthday Honours List
Simon McGrath, Accor’s Chief Operating Officer for the Pacific, has been named in this year’s Queen’s Birthday Honours List as a Member of the Order of Australia (AM).
Tasmanian Hotel Portfolio Sold - John Musca, Peter Harper, JLL Hotels
Sydney-based EBC Hotel & Leisure Fund have sold their Tasmanian hotel group in a circa $30 million deal to Melbourne-based boutique investment house Pentagon Group, in a transaction managed by JLL Hotels & Hospitality Group.
