$45m Veriu Green Square Sydney hotel development begins construction
The $45 million Veriu Green Square hotel development, a joint venture between Veriu Hotels & Suites and Folkestone, commenced construction this week which is set to bring a further 144 rooms to Sydney’s thriving hotel market when it opens late 2019.
Atura Edmondson Park Hotel for sale in Sydney Western Suburbs Wayne Bunz Rob Cross CBRE Hotels
The four star, 167-room Atura Edmondson Park Hotel in Sydney’s rapidly growing south-west is for sale - the centrepiece of Frasers Property Australia’s Ed.Square Town Centre which is anticipated for completion in the third quarter of 2020.
Perth's Esplanade Hotel Fremantle for sale CBRE Hotels
WA property syndicate Primewest has moved to sell Fremantle's very first hotel and one of Perth’s most well-known pubs, the historic Esplanade Hotel in Fremantle - For sale by CBRE’s Aaron Desange, Ryan McGinnity and Chloe Mason.
DA Approved George Street Sydney CBD hotel site for sale McVay Real Estate
The site at 312 - 318 George Street Sydney, opposite Wynyard Station and fronting Sydney CBD’s main pedestrian and light rail thoroughfare, is for sale by Sam McVay and Dan McVay - boasting DA approval for the construction of a new 16 level, 195-room hotel.
The most recent research released by Savills Hotels reveals that Australia's average RevPAR has seen an increase of 3.9%, with Darwin (up 18.3%), Cairns (up 6.9%) and the Gold Coast (up 6.5%) the stand out performers.
Management rights of Brisbane's Royal Albert Hotel sold
The management rights to one of Brisbane’s landmark CBD heritage properties, the Royal Albert Hotel, has changed hands for the first time in almost two decades.
Minister for Planning Richard Wynne has announced planning approvals for the $450m Munro site Hotel and Apartment development that sits within Melbourne's Queen Victoria Market precinct.
The boom of new hotel development in Australia continues with the announcement of a new 200-key Hyatt Place hotel in Melbourne's Springvale to be completed in 2020, which will be the 10th Hyatt branded hotel in Australia.
First clean energy investment in Australia's hotel sector
A new Holiday Inn Express at Southbank in Melbourne will set new design standards in energy efficiency to help cut as much as 25 per cent of its energy consumption, drawing on a $39 million investment commitment from the Federal Government's Clean Energy Finance Corporation (CEFC).
