CBRE release their 2019 hotel market outlook research report
CBRE's latest research report has found that Australian hotels on average recorded 1.2% RevPAR growth in 2018, a positive result but lower than the 2.8% growth recorded in 2017.
Newcastle pubs the Belmont Hotel and Salamander Tavern sold for $20m by HTL Property
Following the competitive sale of Elemore Vale’s Shaft Tavern to Iris Capital’s Sam Arnaout in December, HTL Property now announces the off-market sales of both the Belmont Hotel and Salamander Tavern in separate transactions to begin the new year.
Westin Perth Hotel sold for over $200m - Mark Durran JLL Hotels
In the largest single asset transaction of 2018, and the largest ever in Perth, the brand new Westin Perth has been acquired by Malaysia’s YTL Group in a deal negotiated by JLL Hotels & Hospitality Group’s Managing Director, Mark Durran.
Jerry Schwartz finally settles on $156 million acquisition of Four Points by Sheraton Sydney Central Mark Durran JLL Hotels
After several inaccurate reports last month, Australia’s largest private owner of hotels Jerry Schwartz has completed his acquisition of Sydney’s newest hotel – the Four Points by Sheraton, his 13th hotel investment.
5-star 'Midnight Hotel' Canberra for sale Mark Durran JLL Hotels
The brand-new 200-room, 5-star Midnight Hotel in the nation’s capital is being offered for sale by Mark Durran, Managing Director at JLL Hotels & Hospitality Group.
