$35m Aria Hotel sale caps off strong year for Canberra market
Canberra’s hotel market continues to gain momentum as the nation’s stand out performer, with the sale of the Aria Hotel for $35 million capping off a strong year of sales activity for the nation’s capital.
Melbourne's historic Retreat Hotel going to Auction
Abbotsford’s The Retreat Hotel, best known for featuring in The Sullivans television series, will go under the hammer in March and is expected to fetch over $2.5 million.
Australia's best and worst performing hotel markets
According to CBRE's latest hotels research, the last quarter of 2017 saw over $400 million worth of hotels transact in Australia, but this was not enough to stop 2017 recording the lowest national sales volumes since 2011.
CBRE's latest research report, the Australia Hotel Marketview Q3 2017 reveals that Canberra is the star performer, posting double digit RevPAR increases and continuing its strong performance from earlier in the year.
Australian Pub Fund Brings Sydney's Vic on the Park to Market
Following its recent sale of Newtown's Marlborough Hotel to Bruce Solomon and Matt Moran's Solotel, owners Australian Pub Fund (APF) have decided to sell another of its large format inner-western Sydney freehold hotel.
The Byford Tavern in Perth’s growing south-eastern suburbs, which generates approx $6 million annually, is listed for sale
The popular Byford Tavern for sale, boasts a large bistro, sports bar, drive-thru bottle shop, TAB and alfresco area in Byford, WA. For sale through CBRE Hotels’ Ryan McGinnity and Chloe Mason.
Ben McDonald and Daniel Dragicevich of CBRE Hotels have been exclusively appointed to sell the freehold going concern interest in the North Nowra Tavern amid continued strong interest in the NSW coastal hotel market.
Get to know Paul Fraser, Queensland Director of CBRE Hotels
Paul Fraser of the CBRE Hotels investment and brokerage team, which specialises in the sale of all asset classes across the hospitality industry, gives his insights to The Hotel Conversation.
