Box Hill Motel sold for nearly $2 million over expectations
"The sale of Melbourn's Box Hill Motel achieved a yield of 2.95%, as well as a land rate of $1,472 per square metre," says Savills agents Nick Peden, Jesse Radisich and Benson Zhou.
Next Story Group to open LinQ Hotel Melbourne this September
International hospitality company Next Story Group has acquired a new-build hotel at 167 City Road in Melbourne’s Southbank, opening the group's upper midscale LinQ Hotel this September.
Falls Creek and Hotham ski fields sold to Vail Resorts for $174m
Vail Resorts has announced that it has entered into an agreement to purchase the ski fields at Falls Creek Alpine Resort and Hotham Alpine Resort in Victoria for $174 million.
CBRE Hotels have announced the off-market transaction of the Leasehold Interest of the Royal Saxon Hotel, Richmond, representing one of 2018’s most significant food and beverage pub transactions.
George Hotel in South Melbourne sold for $5.2 million
The iconic George Hotel in South Melbourne has sold for $5.2 million, highlighting the ongoing demand for prominent investment opportunities in city-fringe locations in a deal brokered by Savills Australia’s Nick Peden, Clinton Baxter, Jesse Radisich and Glenn Ye.
JLL Hotels & Hospitality Group is delighted to announce the sale of the Freehold interest in the Royal Hotel, Sunbury - representing the sharpest yield for an ALH tenanted investment hotel in over 9 years.
Melbourne Pullman Park Hotel sold to iProsperity Group
iProsperity Group has announced the exchange of the five-star, 419-room Pullman Park Hotel opposite the MCG, which was being marketed for sale by JLL Hotels and McVay Real Estate.
BPM Flinders Lane Melbourne hotel project sold to InterGlobe for $91 million
BPM’s 241-room DA approved Flinders Lane hotel in Melbourne has sold and settled to global investment fund, InterGlobe for $91.3 million - which will be managed by Toga Far East under the Quincy hotel brand.