Strong investor demand combined with a lack of stock, very limited supply growth and sustained outperformance have created a perfect storm for Sydney’s five-star hotel market.
Scarcity sees Sydney five-star hotel room values soar Michael Simpson Savills Hotels
The rarer a commodity the higher its price. Strong investor demand combined with a lack of stock, very limited supply growth and sustained outperformance have created a perfect storm for Sydney’s five-star hotel market, according to Savills Hotels.
St. Regis Hotels coming to Melbourne's Flinders Bank in 2022
Local developer Century Group Aus has secured Australia’s first hotel under the renowned luxury St. Regis Hotels & Resorts brand - set to open at Flinders Bank in the Melbourne CBD.
Colliers International release their Australia New Zealand Capital Market Investment Review Hotels research report
Gus Moors and Karen Wales of Colliers International have found that Australian hotel transaction activity slowed in FYE2018 with volumes easing to $1.338 billion - however deal flow increased with 35 transactions (above $10 million) concluding throughout the year; This compares to 30...
Meadowbrook Hotel Brisbane pub sold for $6 million Paul Fraser CBRE Hotels
One of south east Queensland’s strongest performing pubs, the Meadowbrook Hotel in the heart of Logan, owned by Pelathon Management Group has been sold to Gallagher Hotels for $6 million.
ErdiGroup's Hotel Urban Brisbane sold to Facilimate for $31 million
ErdiGroup today announced it has finalised the sale of the 4-star, 11 storey Hotel Urban Brisbane for $31 million to purchasers Facilimate, in a deal brokered by Neil Scanlan and Leo Carne of Colliers International.
Independent hotel operator Abode Group has announced a rebrand, now known as Iconic Hotels - With two more hotels in Canberra’s inner-south and north due for completion and opening by July next year.
Darwin and Gold Coast top hotel performers edging out Cairns, CBRE Hotels MarketView report
Gold Coast and Darwin shone as Australia’s best performing hotel markets over the last 12 months, edging Cairns from the top spot as reported by CBRE’s latest Hotels MarketView report for Q2 2018.
Get to know Richard Crawford, Marriott International’s Senior Director of Hotel Development for the Australia Pacific region
"Marriott International will open a hotel somewhere in the world every 14 hours, for the next three years." - Speaking exclusively to The Hotel Conversation, Richard Crawford, Marriott International’s Senior Director of Hotel Development for the Australia Pacific region.
$450m Melbourne Northbank Seafarers Place hotel and mixed-use redevelopment officially approved
Property developer Riverlee has received development approval for its $450 million redevelopment of the Northbank Goods Shed and surrounding land, that is set to revitalise the disused industrial waterfront site with a 5-star luxury hotel and mixed-use precinct.
