Hotel investors ride out economy at high end of town as Premium assets redefine market - Colliers
Transaction volumes for Premium hotels increased by 20.9% last year, as investors bet on continued high-performance and resilient pricing, according to Colliers Hotels Investment Review 2023 commented Colliers Head of Hotels Transaction Services Karen Wales.
La Vie Hotels & Resorts appoint Sam Giles General Manager 202 Elizabeth a defining step
According to Jerry Xu, CEO of La Vie Hotels & Resorts, Sam’s appointment is a defining step in building out their boutique hotel offering and capitalising on the growing demand from travellers for a more personalised hotel experience. We have big plans to grow our boutique portfolio across...
Trilogy Hotels secures landmark deal with Schwartz Family Company
The first of its kind in Australia the deal will see the Trilogy team manage operations for more than 1000 rooms across four hotels in NSW and the ACT. Hotels included in the deal are Mercure Sydney, Ibis Sydney World Square, Mercure Canberra and Fairmont Resort Blue Mountains.
Domestic buyers dominate hotel transactional activity in 2023 - Cross-border capital ready to make their moves in 2024 says Savills
Notwithstanding domestic buyers dominating hotel transactions in 2023, Australia remains a preferred destination for international hotel investors particularly from Asia and the Savills Asia Pacific team continues to experience strong levels of interest from investors across the region.” said...
The NRMA tourism business has acquired the Broulee holiday park, midway between Batemans Bay and Moruya.
NRMA Parks and Resorts Chief Executive Officer Paul Davies said the addition of Broulee to the portfolio offered great value for its members and holidaymakers on the New South Wales South Coast.
JLL's Hotels & Hospitality Group confirm the sale of Vali Byron Bay in what is the first hotel transaction above $20 million in the tourism mecca since 2019. The transaction was negotiated by Andrew Langsford, Gareth Closter, and Taylor O'Brien of JLL Hotels & Hospitality Group.
TFE Hotels announce the signing of the WMK-designed, Adina Apartment Hotel Chermside Brisbane, set to open in 2025
The signing of Adina Chermside Brisbane is a significant milestone for TFE Hotels, providing an opportunity for us to expand our Adina footprint from two hotels to three in the powerhouse state of Queensland,” says TFE Hotels’ Group Chief Operating Officer, Chris Sedgwick.
Savills Hotels announce the Four Points by Sheraton Melbourne Docklands Hotel sold in a A$96 million off-market transaction
The A$96 million off-market transaction that was brokered through Savills Hotels Mark Durran and Nik Sasic via a confidential off-market international sale process. MA Financial has entered into binding agreements to acquire the hotel from Singapore based company Hiap Hoe Limited’s subsidiary...
Langham Hospitality Group appoints André Jacques as Regional Director of Marketing, Pacific!
André Jacques was previously the longstanding head of Sales and Marketing at The Langham, Melbourne. Reporting directly to Jeffrey van Vorsselen, Regional Vice President of Operations, Pacific, André will now oversee marketing initiatives across the Pacific region, including The Langham...
