Singapore the top Asia Pacific tourism spending destination
A recent report from JLL's Hotels and Hospitality Group indicates that Singapore claimed Asia Pacific's top spot in total tourism spending expenditure at USD $15.4 billion according to MasterCard’s 2017 Asia Pacific Destinations Index tourism survey.
Brisbane's Plough Inn South Bank pub sold for over $13 million
The iconic Plough Inn hotel sold in Brisbane’s premier South Bank tourist precinct in a deal brokered by Brent McCarthy and Joseph Ganim of Savills Hotels which required Ministerial Approval and the approval of South Bank Corporation to Eumundi Group Limited which has purchased the 96 year head...
Crystalbrook Collection purchases Port Douglas’ Reef Marina
Australian tourism and hospitality group, Crystalbrook Collection, has announced its acquisition of The Reef Marina in Port Douglas, which is now to be known as Crystalbrook Superyacht Marina, and its intention to invest a further $100+ million into the Marina.
New South Wales pubs market outperforming all other property sectors
The latest CBRE Pub Trends Research Report indicates that New South Wales and Victoria are leading the pack in the Australian pubs market for the first half of 2017.
Canberra tourism numbers sees Abode Group and GEOCON strengthen
The Abode Group, one of Australia's most dynamic integrated hospitality enterprises and manager of Canberra's largest hotel brand, Abode Hotels has multiple projects in its development pipeline including Canberra's largest ever mixed-use precinct, Republic.
Influx of Australian business visitors boosts Brisbane tourism
The latest National Visitor Survey from Tourism Australia revealed domestic business visitors in Brisbane climbed a massive 27.5 per cent to a record 1.4 million in the year ending June 2017.
New luxury hotel for Canberra's historic West Block buildings
The historic West Block buildings in front of new Parliament House will be restored and re-purposed to a magnificent luxury hotel following Geocon’s $6.25 million acquisition of the site from the Commonwealth.
The sale of the freehold interest in 'The Cloey' is rumoured to be worth nearly $34 million which represents a circa 5% yield, a record for large hotel investment properties in deal brokered by JLL National Director John Musca and Colliers International Director Miron Solomons.
