Brisbane’s first luxury hotel openings in 20-years signal market renaissance
The completion of a raft of hotels will redefine the Brisbane market in the next 12 months, with the Emporium Southpoint, Adina George Street, Westin Brisbane, Calile Hotel James Street and Art Series Howard Smith Wharves adding to the city’s first new luxury properties in two decades.
Club Hotel Waterford for sale in Brisbane growth corridor
The freehold of Club Hotel Waterford has been listed for sale, providing an opportunity to secure a long-leased investment property in one of Brisbane’s fastest growing corridors.
Cairns pips Canberra for top spot as hotels market set for stronger year
Cairns has returned to its familiar position as Australia’s best performing hotel market for the fourth consecutive year, following a strong final quarter.
Australia's best and worst performing hotel markets
According to CBRE's latest hotels research, the last quarter of 2017 saw over $400 million worth of hotels transact in Australia, but this was not enough to stop 2017 recording the lowest national sales volumes since 2011.
North Queensland's famous Paradise Palms golf course for sale
The Paradise Palms Golf & Country Club has been listed for sale by owner and local businessman Darren Halpin in a move tipped to attract local and international buyer interest.
Voted one of Australia's top hotels, the Emporium Hotel in Brisbane's Fortitude Valley has traded hands for about $40 million to Hong Kong-based boutique hotel chain Ovolo Hotels.
Brisbane Mercure and Ibis Hotels sold for $77 million
The 194-room Brisbane Mercure Hotel and 218-room Brisbane Ibis Hotel has sold for a combined $77 million from Singaporean hospitality trust, CDL representing a yield of 5.3 per cent in a deal brokered by Wayne Bunz of CBRE.
CBRE's latest research report, the Australia Hotel Marketview Q3 2017 reveals that Canberra is the star performer, posting double digit RevPAR increases and continuing its strong performance from earlier in the year.
Lifestyle hotel brands are slowly emerging as the next key growth sector in Australia, as operators look to tap into the next generation of travelers and draw millennials back to the hotel market.