The leasehold interest of Sydney's Covent Garden Hotel - a Luey Family Chinatown pub icon - has been sold off-market by Ray White's Asia Pacific Director of Hotels Andrew Jolliffe.
Resort Brokers New Zealand have sold the 40 room Wellesley Hotel on the Lake, a characteristic hotel complex on a long-term lease agreement with 29 years remaining.
Griffith’s Quest Apartment Hotel sells for over $15m
Strengthening investor interest in Australia’s regional hotel market has underpinned the sale of Quest Apartment Hotel in Griffith for $15.25 million - representing a strong yield of 7.5%.
Singaporean group swoops on holiday investment in Perth CBD hotspot
One of Singapore’s wealthiest private groups, Legend Land Perth Pty Ltd, has snapped up the 168-room Holiday Inn City Centre Perth for a reported $65 million.
After a 4 week international marketing campaign by Ray White Group's Number One agent internationally, Andrew Jolliffe, has this morning sold under the hammer the Padstow Park Hotel for $26 million.
SB&G Hotel Group has moved closer to its stated target of $1 billion of assets with the acquisition of two Watermark branded hotels in Brisbane and the Gold Coast.
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.
