Wyndham Hotel Group completes $170 million acquisition from Northcott Hospitality
The AmericInn brand and its hotel management company, Three Rivers Hospitality has been successfully acquired by Wyndham Hotel Group for $170 million, boosting the hospitality giant's footprint of more than 8,100 hotels.
Constructions begins this month on new Melbourne Epping Mantra Hotel
One of Greater Melbourne’s fastest growing areas will benefit from a $70 million hotel development that will service the rapid increase of activity in Melbourne’s booming northern suburbs.
Learn about becoming a Quest franchisee at an upcoming seminar in Brisbane, on Tuesday October 17 at Quest Woolloongabba, from 6pm and hear from industry experts Holmans Accounting, Mike Phipps Finance, Milicevic Lawyers and Resort Brokers Australia.
First look inside the QT Queenstown Hotel opening December 2017
QT Queenstown resort will welcome guests from the 1st December 2017, with the luxury hotel nearby to Lake Wakatipu, The Remarkables and Coronet Peak Ski Fields in New Zealand.
$2.8 billion Melbourne Square development set to soar
Multiplex, a leading global contractor, has been appointed by OSK Property to deliver Stage One of its iconic $2.8 billion Melbourne Square development featuring a 621 room hotel, set to be one of the largest mixed-use precincts in central Melbourne.
Sofitel Sydney Darling Harbour opens its $500 million doors
The $500 million Sofitel Sydney Darling Harbour officially opened on Tuesday marking Sydney’s first new-build luxury hotel since the Sydney Olympics opposite the new International Convention Centre.
The Pacifica, New Zealand’s highest residential tower and boutique hotel to arrive in 2020
Architect Jaimin Atkins of Plus Architecture New Zealand and developer Hengyi Pacific have created the $300 million, 295 apartment, 35 hotel room Pacifica project in Auckland which is due to start construction next month.
Hotel property sector is outperforming all other property classes
The Australian tourism industry is growing at more than double the rate of the Australian economy with the Deloitte Tourism-Hotel Outlook 2017 reporting national hotel room revenue hit $27 million a night in 2016, raking in $9.8 billion over the year.
Gaw Capital's $340 million purchase of The Standard Hotel NYC
In one of the largest single-asset New York City hotel deals of the year, Hong Kong private equity fund Gaw Capital is obtaining a $170 million loan from French Bank, Natixis, to provide a 10-year acquisition loan for The Standard Hotel in New York City.
