Accor completes deal with Salter Brothers to add nine Mercure hotels to its growing portfolio
With the $620m acquisition of the Travelodge portfolio by Salter Brothers now complete, a total of 10 hotels have joined Accor’s portfolio, including nine Mercure hotels and an ibis Styles property in Sydney’s CBD. The portfolio acquisition was negotiated by Sam McVay of McVay Real Estate.
Marriott International appoints Peter Minatsis to open Le Méridien Melbourne
Marriott International announces Peter Minatsis General Manager Le Méridien Melbourne, set to open early 2023. Sean Hunt, Area Vice President, Australia, New Zealand and Pacific, Marriott International, said, “I am delighted to welcome Peter Minatsis to lead the re-introduction of the...
Scarborough Harbour Brewery leased investment for sale by JLL
JLL Hotels & Hospitality exclusively offer leased investment for the home of the Scarborough Brewery at 21 Bird O’Passage Scarborough for sale. 1,174sqm dry lease and 579sqm wet lease overlooking the marina and includes a fully operational craft brewery and the exclusive use of 4 marina...
JLL advises Universal Enterprises and Marriott International on Maldives hotel portfolio sale - JLL
JLL today announced that it advised on the successful sale of the Sheraton Maldives Full Moon Resort & Spa and the W Maldives to a global private equity investor for an undisclosed sum. The deal represents the first ever hospitality portfolio transaction to have taken place in the Maldives...
Fiveight Submits Plans For Landmark Lifestyle Hotel On Historic Fremantle Site
Fiveight, a wholly owned company of Tattarang, has submitted its development plan for the former Spicers Building site in the heart of Fremantle. Tattarang CEO Andrew Hagger said the project would transform the well-known site into a destination hotel designed to sit comfortably alongside...
Australian Venue Co acquires The Boundary in West End Brisbane
The Boundary in West End Brisbane sold to Australian Venue Co. Australian Venue Co CEO Paul Waterson said the acquisitions reflect the group’s strong track record of operating venues in Queensland and its confidence in the Sunshine State’s hospitality outlook.
