Savills reports Australia recorded the second highest transaction volumes across Asia Pacific totalling AU$462.2 million
Australia is perceived to be a low-risk investment market, boosting demand for hotels according to the Research Report produced by Michael Simpson, Raymond Clement and Simon Smith of Savills.
The HotelsWorld 2017 ‘Deal of the Year’ winner is...
iProsperity won the prestigious “Hotel Deal of the Year” award at the recent HotelsWorld 2017 conference for the acquisition of Novotel Glen Waverley, brokered by Colliers International.
Investor syndicate pays near $13m for Gold Coast management rights
A syndicate of 10 local investors has bought the 363-unit Harbour Quays and 300-unit East Quays management rights portfolio in an off-market deal secured by Resort Brokers Australia for developer Emandar Group.
Australia and New Zealand hotel market records $2 billion in transactions over the 2016/17 financial year
According to Ray White's latest Commercial Research, the Australian and New Zealand hotel markets have overall had some impressive results over the last few years, with the bulk of high profile sales completed in Melbourne and Sydney.
‘Hybrid’ tourism parcel sale sets benchmark in thriving Port Macquarie demand hotspot
Local development companies Lloyd Coastal Property and Bannister Constructions have sold the Palm Court Motor Inn, negotiated by James Carrick of national accommodation specialists, Resort Brokers Australia.
Mantra Group acquires Art Series Hotel Group for $52.5m
Tim Crooks and Trudy Crooks from Resort Brokers Australia have brokered the acquisition of the Art Series Hotel Group by Mantra Group for $52.5 million.
Management rights of Metro Property’s Newstead Central’s Laguna and St Tropez settled
A Brisbane-based property management duo has agreed to pay a record, unconditional off-the-plan price for the management rights to Metro Property Development’s Newstead Central’s second and third apartment towers, Laguna and St Tropez.
