Sydney's 27-room North Shore Hotel has sold in an off-market deal for $10m with buyer interest driven by the prospect of capitalising on the future growth of North Sydney’s commercial precinct.
Veriu expands to Melbourne with acquisition of Punthill Apartment Hotel Group
Having successfully established a Sydney network of bespoke hotels and suites, Veriu is set to expand interstate with the acquisition of 13 hotels under the well-known Punthill Apartment Hotel brand.
Kingfisher Bay Resort Group portfolio sold for $43 million
The portfolio including Kingfisher Bay Resort, Eurong Beach Resort, Fraser Explorer Tours and Fraser Island Ferries, all based on the World-Heritage listed Fraser Island, have collectively sold for $43 million to SeaLink Travel Group.
Naumi Hotels, the Singapore-based private hotel owner and operator is further increasing its presence in New Zealand with the purchase of two properties in a prime location in Wellington, New Zealand.
Cairns pips Canberra for top spot as hotels market set for stronger year
Cairns has returned to its familiar position as Australia’s best performing hotel market for the fourth consecutive year, following a strong final quarter.
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.
Have your say on the Gold Coast Airport's new hotel
The Preliminary Draft Major Development Plan has been prepared for the $50 million Rydges branded Gold Coast Airport hotel, featuring a rooftop bar and viewing deck, opening in 2019.
