The Retreat Hotel, best known for its appearance in the 1970’s television series The Sullivans, has sold at auction to a local pub owner Bill Toohey, who's now looking to re-lease the hotel to an experienced operator.
ACCC approves $1.3bn Mantra acquisition by AccorHotels
The ACCC (Australian Competition & Consumer Commission) has this morning announced that it will not oppose the 127 hotel, $1.3 billion acquisition of Australia's Mantra Group by AccorHotels.
Mollymook ‘golden triangle’ motel fetches $6.57 million
Mollymook Shores Motel, boasting prime beachside location within what’s known in property circles as Mollymook’s ‘golden triangle’, has been sold for $6.57 million.
IHG announces Crowne Plaza for Adelaide’s tallest building in 2020
Crowne Plaza Adelaide will return in 2020, bringing the leading upscale brand back to the city, bigger and better than ever at its new address in Adelaide’s tallest building, Frome Central Tower One.
Sydney's 27-room North Shore Hotel has sold in an off-market deal for $10m with buyer interest driven by the prospect of capitalising on the future growth of North Sydney’s commercial precinct.
Veriu expands to Melbourne with acquisition of Punthill Apartment Hotel Group
Having successfully established a Sydney network of bespoke hotels and suites, Veriu is set to expand interstate with the acquisition of 13 hotels under the well-known Punthill Apartment Hotel brand.
Kingfisher Bay Resort Group portfolio sold for $43 million
The portfolio including Kingfisher Bay Resort, Eurong Beach Resort, Fraser Explorer Tours and Fraser Island Ferries, all based on the World-Heritage listed Fraser Island, have collectively sold for $43 million to SeaLink Travel Group.
Naumi Hotels, the Singapore-based private hotel owner and operator is further increasing its presence in New Zealand with the purchase of two properties in a prime location in Wellington, New Zealand.
