IHG Hotels & Resorts expands Sydney premium estate with two Crowne Plaza rebrands
Courtyard by Marriott, Sydney-North Ryde and Holiday Inn Sydney Airport to transition to Crowne Plaza brand.The portfolio agreement builds on the existing partnership between IHG Hotels & Resorts and Star Millennium Pty Ltd.
One of Australia’s most anticipated resorts has officially opened hotel bookings for stays from 29 August 2024, inviting guests to check-in to check-out five-star luxury and soak up Brisbane’s most spectacular views said The Star Brisbane Chief Executive Officer, Daniel Finch.
Metropolitan Melbourne Hotel acquired by Serene Capital - JLL and Stonebridge
A near new purpose-built hotel in Ringwood Melbourne sold by Amber Property Group to Serene Capital. The hotel transaction negotiated by JLL Hotels & Hospitality’s Nick MacFie and Peter Harper in conjunction with Stonebridge Property Group’s Rorey James, Justin Dowers and Kevin Tong.
The Sebel Creswick Forest Resort has undergone an extensive refurbishment project, representing a significant investment of close to AUD$2 million announced Craig Wood, CEO Accor Vacation Club.
Turning point for Australia’s hotel investment sector as activity hits a record low - CBRE Report
CBRE’s new Hotel Sales in Review 2020 report highlights recent deals such as the $180 million AccorInvest portfolio transaction as signs of a turning point for the sector, as the market begins a slow recovery from COVID-19.
Hilton Surfers Paradise sold for $70m to Jerry Schwartz
Australia’s largest private hotel investor, Dr Jerry Schwartz, has made his first foray into Queensland hotel property with the $70 million purchase of the five-star Hilton Surfers Paradise from the Chinese group, Ja Feng.
International visitor numbers up, domestic travel up, national hotel performance up - and a positive hotel outlook are some of the key takeaways from Deloitte's first 2018 edition of their Tourism and Hotel Market Outlook.
