JLL Hotels & Hospitality Group and Savills Hotels are offering for sale the Mantra MacArthur Hotel and adjacent Midtown Parking Station situated on Northbourne Avenue in Canberra.
ibis Styles Brisbane hotel sold to Worldwide Hotels in $100 million deal
ibis Styles Brisbane has sold for a rumoured $100 million to one of Singapore’s wealthiest private groups, Legend Land Brisbane Pty Ltd, a subsidiary of Worldwide Hotels in an off-market deal brokered by Wayne Bunz of CBRE Hotels.
Colliers International Australia's Hotel Sales 2017 report released today found that new hotel development deals amounted to $394 million – almost a quarter of the total sales volume in 2017.
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.
Mantra Group has recorded its strongest year for growth
Mantra Group has achieved its largest year of growth since its inception in 2009, with a record 13 new properties joining its hotel and resort portfolio in 2017.
