CBRE advises on Melbourne’s largest hotel transaction in over five years
Novotel & ibis Melbourne Central Hotel sold $170 million to Worldwide Hotels Group subsidiary Legend Land Melbourne Pty Ltd through CBRE Hotels’ Wayne Bunz and Scott Callow.
ALH leased Sunshine Coast hotel investment sold by CBRE
Alexandra Headland’s Alex Hotel sold to Sydney-based family for $11 million on a yield of 6.19%. The beachfront hotel leased to Australian Leisure and Hospitality Group (ALH) sold by CBRE’s Louisa Blennerhassett, Rem Rafter and Paul Fraser who brokered the transaction on behalf of a Melbourne...
Brighton’s Savoy Hotel sold to Primeland for $120 million ultra-luxury residences - Knight Frank
Melbourne-based developer Primeland has announced the acquisition of one of Brighton’s most significant development parcels, the former Savoy Hotel, with plans to transform the site into a $120 million ultra-luxury apartment and townhouse project.Knight Frank’s Stephen Kelly, James Thorpe and...
Gold Coast’s Sheraton Grand Mirage Resort sold by Colliers, McVay Real Estate & JLL
Sheraton Grand Mirage Resort Gold Coast sold by Colliers, McVay Real Estate and JLL. Appetite for the renowned hotel indicates accelerated recovery of the sector will continue, following more than $1 billion in national hotel transactions over H1 2023, according to Colliers.
Adelaide’s award-winning Republic Hotel sold by JLL
The Freehold Going Concern of Adelaide’s Republic Hotel has sold by JLL’s Senior Vice President of Hotel Sales, Will Connolly & Ben Parkinson, in conjunction with Terry Board of TJ Board.
Sydney’s iconic Manly Wharf sold to the owners of Brisbane’s Howard Smith Wharves - CBRE
Robert Magid’s TMG Developments has exchanged contracts on the $80 million sale of Manly Wharf to the owners of Brisbane’s Howard Smith Wharves (HSW). CBRE’s Simon Rooney and James Douglas negotiated the sale on behalf of TMG Developments.
