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.
Auckland CBD Holiday Inn and EVEN Hotel site sold to Pro-Invest for $31m
Part of an Auckland CBD site which was previously home to the New Zealand Herald for over 150 years has sold for $31 million to Pro-Invest, who is planning a 490-room dual branded hotel development of around 37 levels on the site.
Australian Hotel and Brewery sold to Redcape John Musca JLL Hotels
The largest transaction of a going concern pub hotel in Australia in over a decade has been announced for around $50 million - The Australian Hotel & Brewery in Sydney's northwest has sold to Redcape Hotel Group in a deal brokered by John Musca of JLL's Hotels and Hospitality Group.
Granville's Vauxhall Inn Hotel sold to Redcape Andrew Jolliffe Ray White Hotels
Following its recent acquisition of Townsville's Rising Sun Hotel for in excess of $20m, leading hotel group Redcape has acquired the 3,510sqm arterially positioned Vauxhall Inn Hotel in Sydney's Western Suburb of Granville for over $40 million.
Plaza Hotel New York sold to Qatar fund Katara Hospitality for $600m
Katara Hospitality, which buys and manages hotels across the world on behalf of the Qatar Government has acquired full ownership of the 111-year old Plaza Hotel New York for approximately $600 million.
Sydney Eastern Suburbs pub Four in Hand Hotel sold to Good Beer Company
Paddington's popular Four in Hand Hotel has sold to the Sydney based Good Beer Company, ending speculation of the pub being refurbished as a residential property.
Auckland CBD Best Western Hotel sold Dean Humphries Colliers International
The 120-room Best Western President Hotel, less than 500m from the site of the New Zealand International Convention Centre, has become the first freehold hotel to sell as a going concern in Auckland’s CBD in five years.
After 30 years of ownership, Peter Ryan has sold The Rising Sun Hotel in a deal brokered by Ray White Asia Pacific director Andrew Jolliffe, who believes that the national hotel market continues to attract preferential asset class attention from a broad spectrum of investors.
Fiji Outrigger Resort and Castaway Island sold as part of USD 310m portfolio sale to Singha Estate
Singha Estate has announced the successful acquisition of six Outrigger-branded hotels across Fiji, Thailand, Mauritius and Maldives for USD 310 million, including Fiji's Outrigger Beach Resort and Castaway Island.
Yarraville's Commercial Hotel, overlooking the Maribyrnong River in Melbourne’s West, has sold to a local value-add investor who plans to refurbish and reopen the pub which closed earlier this year.
