The popular East Brunswick Hotel sold at auction for $4.4 million
The under the hammer sale of Melbourne's East Brunswick Hotel has capped off an extremely boisterous end to 2017 for Melbourne pub sales, says brokering agent Will Connolly of CBRE.
Brisbane Mercure and Ibis Hotels sold for $77 million
The 194-room Brisbane Mercure Hotel and 218-room Brisbane Ibis Hotel has sold for a combined $77 million from Singaporean hospitality trust, CDL representing a yield of 5.3 per cent in a deal brokered by Wayne Bunz of CBRE.
Melbourne's BMW dealership sold in $100 million deal
It is the biggest development site deal in central Melbourne this year, Malaysian-backed developer Beulah International has purchased the BMW site on the fringe of Melbourne CBD in a $101,008,888 deal.
Perth property due buy historic Coogee Hotel and Post Office
The 116-year-old hotel sale was sold for $2.3 million to restaurateur Nic Trimboli and property developer Adrian Fini after a sale process steered by Colliers International’s Tory Packer on behalf of the vendor, Main Roads WA.
The businesses of Portmans Motor Lodge, BK’s Chardonnay Motor Lodge and Te Awa Motel have sold in the past months finishing off a strong year for Resort Brokers New Zealand.
ALH Group divests second venue in $86m Perth portfolio
A private buyer has made their foray into the WA hospitality sector, purchasing ALH Group’s Brighton Hotel in Mandurah which sold under the hammer for $3.675 million.
After seven years of ownership, Pelathon has sold the leasehold of the popular Sydney pub to Universal Hotels in a deal negotiated by CBRE's Sam Handy and Daniel Dragicevich.
Feros Group cashes in on the Rocksia Hotel for $36m
CBRE Hotels has sold the landmark Arncliffe property which was converted into a large format suburban hotel some ten years ago by Nick and Chris Feros, to Oscars Hotels, headed by brothers Bill and Mario Gravanis.