Lockdown another blow for accomodation hotels - TAA
Tourism Accommodation Australia NSW CEO Michael Johnson said hotels were sitting empty, with true occupancy rates in Sydney at less than two percent, while bills continue to roll in.
Dr Jerry Schwartz donates first night profits to Aussie Farmers
Dr Jerry Schwartz has pledged to support Australia’s embattled farmers by donating the profits from his first night as owner of the new Four Points by Sheraton at Sydney’s Central Park.
iPG's Sydney Park Regis Hotel sold for $54 million
iProsperity Group (iPG) has announced the sale of its Park Regis Hotel asset in Sydney’s City Centre for $54.18m to the Yeh Group, in a deal brokered by Gus Moors and Karen Wales of Colliers International.
Strong investor demand combined with a lack of stock, very limited supply growth and sustained outperformance have created a perfect storm for Sydney’s five-star hotel market.
Scarcity sees Sydney five-star hotel room values soar Michael Simpson Savills Hotels
The rarer a commodity the higher its price. Strong investor demand combined with a lack of stock, very limited supply growth and sustained outperformance have created a perfect storm for Sydney’s five-star hotel market, according to Savills Hotels.
Atura Edmondson Park Hotel for sale in Sydney Western Suburbs Wayne Bunz Rob Cross CBRE Hotels
The four star, 167-room Atura Edmondson Park Hotel in Sydney’s rapidly growing south-west is for sale - the centrepiece of Frasers Property Australia’s Ed.Square Town Centre which is anticipated for completion in the third quarter of 2020.
Granville's Vauxhall Inn Hotel sold to Redcape Andrew Jolliffe Ray White Hotels
Following its recent acquisition of Townsville's Rising Sun Hotel for in excess of $20m, leading hotel group Redcape has acquired the 3,510sqm arterially positioned Vauxhall Inn Hotel in Sydney's Western Suburb of Granville for over $40 million.
The leasehold interest of Sydney's Covent Garden Hotel - a Luey Family Chinatown pub icon - has been sold off-market by Ray White's Asia Pacific Director of Hotels Andrew Jolliffe.
