‘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.
CEL makes foray into Australian hotel market with The Sebel Mandurah
Singaporean owned CEL Australia has purchased The Sebel Mandurah – a 4.5 star waterfront hotel in Perth’s southern suburbs – for $15 million, brokered by CBRE Hotels, in conjunction with JLL Hotels and Hospitality Group.
Finbar announces $12.5m Perth serviced apartment sale to ZACD Group
ASX-listed Western Australian developer, Finbar Group Limited, has announced the sale of 64 studio apartments at its Aire West Perth development to Singaporean-based ZACD group.
New owner toasts acquisition of North Sydney's Greenwood Hotel
The Balmain Pub Group (BPG) has sold its leasehold interest in the iconic Greenwood Hotel in North Sydney for just over $10 million to well-known Sydney hotelier Simon Tilley.
JLL Hotels & Hospitality Group sells Four Seasons Resort Bora Bora
Developer Thierry Barbion and Alatau Hospitality, an investment fund of Lancaster Group Kazakhstan led by Kassym Abzhanov, sold the resort to a private equity hospitality fund led by Gaw Capital.
Ovolo Group expands Australian footprint to Brisbane
Located in the heart of Brisbane’s CBD, The New Inchcolm Hotel & Suites purchase by Ovolo Hotels was facilitated by JLL Hotels & Hospitality Group Vice President, Tom Gibson and Executive Vice President, Peter Harper.
Singapore’s Royal Group sells InterContinental Sydney Double Bay
The sales process which was led by Craig Collins of JLL Hotels and Hospitality Group, and Richard Abbott of Holman Fenwick Willan concluded with Zobon Real Estate Group Co.Ltd and Shanghai United Real Estate Inc purchasing the luxury hotel for $140 million.
Regional New Zealand hotel sales signal rising demand
An Australian investor has purchased the 51-room Ambassador Hotel Hamilton, while an Auckland investor has bought The Park Hotel Ruapehu, an 82-room hotel in the central North Island’s National Park.