Ascott acquires majority stake in Quest Apartment Hotels for A$180 million to become largest serviced residence provider in Australasia
CapitaLand’s wholly owned serviced residence business, The Ascott Limited (Ascott), is acquiring an additional 60% stake in Quest Apartment Hotels (Quest) for A$180 million (S$191 million).
StayWell Hospitality Group joins leading Japan hotel group Prince Hotels
The A$50 million acquisition will add the 30 hotels operated and developed by Staywell Hospitalty Group in 7 countries to the existing Prince Hotels network which serves as the core of the Seibu Group's hotel and leisure businesses.
Hotel investment dominated by Australia and Hong Kong during first half of 2017
Gateway cities provide positive long-term tourism fundamentals, but investors are considering alternative investment in key emerging tourism markets, according to real estate consultancy group JLL in their latest Hotel Investment Highlights Asia Pacific - H1 2017 report.
Mandarin Oriental to open luxury hotel and residences in Melbourne
Mandarin Oriental Hotel Group has signed a management contract for a new luxury hotel and branded residences in Melbourne, Australia. The project, designed by award-winning architect, Dame Zaha Hadid and to be developed by Landream, is expected to open in 2023.
Sydney Leasehold Apartment Hotel for sale by Resort Brokers Australia
Quest North Ryde is offered for sale by Jim Chapman of Resort Brokers Australia and features 173 Studio, One, Two and Three Bedroom fully self-contained Apartments.
How boutique hotels are delivering their own brand of luxury
Boutique and collection brands, like Curio by Hilton or Marriott’s Autograph collection, have enabled the larger hotel companies to provide some of the luxury guests are looking for.
Prominent Surfers Paradise resort Tiki Village International listed for sale
CBRE’s Mason Kidman, Lachlan Harris and Wayne Bunz have been appointed to market the freehold resort, which fronts the Nerang River at the western end of Cavill Avenue on the Gold Coast.
StayWell Hospitality Group Launches Leisure Inn Shrey, Jodhpur
Australia’s largest privately owned hotel management company StayWell Hospitality Group will extend its international footprint today with the opening of the company’s fifth property in the Rajasthan market, the Leisure Inn Shrey in Jodhpur.
