Pelathon Management has acquired the Grand Hotel in Cairns and two adjoining sites for $8.5 million, in a deal negotiated by CBRE Hotels Director Paul Fraser and CBRE Cairns Managing Director Danny Betros.
Queensland the national standout in 2018, Wayne Bunz CBRE Hotels
Queensland now has some of the best luxury brands in Australia. In Brisbane, the luxury gap has been filled by a number of new openings this year – many of which represent true 5 star offerings not previously seen in Australia.
Darwin and Gold Coast top hotel performers edging out Cairns, CBRE Hotels MarketView report
Gold Coast and Darwin shone as Australia’s best performing hotel markets over the last 12 months, edging Cairns from the top spot as reported by CBRE’s latest Hotels MarketView report for Q2 2018.
