Hotel investment appetite strong despite short-term tourism outlook - CBRE
Nearly 90% of hotel-industry participants in Australia and New Zealand are looking to maintain or increase their exposure to the sector, despite a consensus that per-room revenue in some major cities could take three-to-five years to recover to pre-pandemic levels.
Rydges North Sydney sold for $75m to Singapore family office by CBRE
Singapore investment and asset management company High Street Holdings partner David Marriott flags further hotel purchases in Australia after acquiring Rydges North Sydney for $75m. CBRE Hotels Michael Simpson and Wayne Bunz negotiated the sale on behalf of Event Hospitality & Entertainment...
Innot Hot Springs Leisure & Camping Park Cairns for sale by Ray White Rural & CBRE
Innot Hot Springs Cairns for sale by CBRE Hotel’s Paul Fraser and Ray White Rural Athertons’ Morgan Breenan for sale amid strong investor demand for leisure assets in regional Queensland.
Brisbane Best Western Gregory Terrace Hotel sold to Interstate investors by CBRE
A Sydney-based investment syndicate has purchased the Best Western Gregory Terrace hotel in the inner-Brisbane suburb of Spring Hill. CBRE Hotels’ agents Hayley Manvell and Paul Fraser handled the sale on behalf of the owner GT Property group.
