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...
Commercial Hotel Redbank sold to new independent pub venture led by Peter Filipovic and Patrick Ryan negotiated by CBRE
New independent pub venture led by former Carlton & United Breweries CEO Peter Filipovic and Patrick Ryan of Ryan’s Hotel Group has finalised its maiden acquisition. The duo acquired the freehold going concern interest in the Commercial Hotel at Redbank following an off-market campaign...
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.
Victoria’s Bellarine Peninsula Queenscliff Hotel for sale by Kerleys Real Estate and CBRE
One of the most-recognised buildings on Victoria’s Bellarine Peninsula, the Queenscliff Hotel for sale. The history-laden property at 16 Gellibrand Street Queenscliff for sale by CBRE’s Scott Callow and Kerleys Real Estate’s Damian Cayzer.
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.
The freehold going concern interest in the Grand Hotel Bundaberg sold for circa $4 million amid continued demand for regional Queensland pub investment opportunities. CBRE Hotels’ National Pub Director Paul Fraser steered the on-market Expressions of Interest campaign on behalf of the mortgagee...
CBRE Hotels Associate Director Hayley Manvell shares her insights with The Hotel Conversation on the outlook for the backpacker and hostel industry – one of the most impacted sectors during the COVID-19 pandemic.
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A drastic 99% reduction in backpacker entrants spurred youth hostels, student accommodation and co-living to look at innovative solutions
CBRE Hotels Associate Director Hayley Manvell shares her insights with The Hotel Conversation on the outlook for the backpacker and hostel industry – one of the most impacted sectors during the COVID-19 pandemic.
