Portfolio of 87 Coles pubs sold to Australian Venue Co for $200m
Bruce Dixon’s 60-plus strong Australian Venue Co will take on the operations of Coles’ Spirit Hotels in Queensland in a deal worth approximately $200 million.
Australian hotel brand Tribe to go global with Accor
After successfully debuting in Perth in 2017, Australia’s first integrated modular design hotel brand, Tribe, has been acquired by world-leading augmented hospitality group Accor, with plans in place to grow from one to 50 properties internationally by 2020.
Quest St Kilda Road Hotel opens weeks before Australian Grand Prix
Quest Apartment Hotels opened its latest property, Quest St Kilda Road, just weeks before the start of Melbourne’s world-class sporting event, the Australian Grand Prix.
TFE to begin construction of Travelodge Hotel Hurstville
TFE Hotels has announced today that construction is about to begin on a new-build hotel, the Travelodge Hurstville, as part of a significant redevelopment project in Sydney’s southern suburbs.
Gold Coast global tourism hub development to move forward
Premier Annastacia Palaszczuk has announced the Government would approach the global market for a new tourism hub on the Gold Coast, seeking the best proposal that would boost the tourism and entertainment offering for the city.
New Caledonia has launched a new microsite showcasing the vast array of adventure, cultural and foodie experiences on offer across the South Pacific archipelago.
Pellicano and Zagame release plans for $100m water park in Dingley Village, Melbourne
Diversified property group Pellicano and hospitality experts Zagame have revealed huge plans for Zagame’s Wild Water Park: a unique, resort-style waterpark and complete family entertainment venue set to deliver a significant tourism boost to the south-eastern suburb of Dingley Village.
Gold Coast Airport $370 million redevelopment moves ahead
International property and infrastructure group Lendlease has been appointed to deliver Gold Coast Airport’s southern terminal expansion – the next phase of the $370 million airport redevelopment, Project LIFT.
"Queensland hotel market having its time in sun" - iProsperity Hotel Research Report
Figures released in iPG’s Half Yearly Report 2018 have revealed high levels of confidence in the Queensland hotel market with a significant amount of transaction activity recorded in the second half of 2018.
Hotel market prime for new development, owners reminded of significant depreciation benefits - BMT Tax Depreciation
Things are looking positive for the Australian hotel market in 2019, although this may not be obvious from performance statistics from the past financial year.
