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.
Brisbane Mercure and Ibis Hotels sold for $77 million
The 194-room Brisbane Mercure Hotel and 218-room Brisbane Ibis Hotel has sold for a combined $77 million from Singaporean hospitality trust, CDL representing a yield of 5.3 per cent in a deal brokered by Wayne Bunz of CBRE.
Naumi Auckland Airport hotel to hold Grand Opening in Feb 2018
Located just minutes away from the international and domestic airports, Naumi Auckland Airport offers a perfect stopover for business travellers, leisure travellers and also as a perfect venue for special occasions.
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.
Chinese tourism has reached a new $10 billion record in Australia
Spending by Chinese tourists has reached a new record in Australia - exceeding $10 billion for the first time. The $10.3 billion record is one of many broken in the International Visitor Survey released last week.
Following the damage caused in March by Cyclone Debbie, the resort’s hotel and conference facilities are being upgraded, and will re-open in August 2018.
Resort Brokers Australia release their December 2017 Informer Magazine
Resort Brokers Australia reports a record in activity and turnover with their running tally for the 2017 calendar year showing 173 settled sales of properties across all states and territories, with a total value nudging $290 million.
$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.
