Hotel development in New Zealand shows unprecedented growth
Auckland, alone, has nine current hotel projects under construction and 30 more in the pipeline as investors look to take advantage of the ongoing tourism boom that started in 2013.
The HotelsWorld 2017 ‘Deal of the Year’ winner is...
iProsperity won the prestigious “Hotel Deal of the Year” award at the recent HotelsWorld 2017 conference for the acquisition of Novotel Glen Waverley, brokered by Colliers International.
‘Hybrid’ tourism parcel sale sets benchmark in thriving Port Macquarie demand hotspot
Local development companies Lloyd Coastal Property and Bannister Constructions have sold the Palm Court Motor Inn, negotiated by James Carrick of national accommodation specialists, Resort Brokers Australia.
CEL makes foray into Australian hotel market with The Sebel Mandurah
Singaporean owned CEL Australia has purchased The Sebel Mandurah – a 4.5 star waterfront hotel in Perth’s southern suburbs – for $15 million, brokered by CBRE Hotels, in conjunction with JLL Hotels and Hospitality Group.
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).
Novotel and Ibis Hotel Christchurch Sold for NZ$43 million
Dean Humphries, Colliers’ National Director of Hotels sold the accommodation hotels, with on-going management by AccorHotels, to an offshore investment company to complement its existing New Zealand hotel portfolio.
