A private Taiwanese family has snapped up a brand new freestanding 60-room hotel within the heart of Darling Harbour for $28.7 million from IGB in a deal negotiated by Michael Simpson, Jordan Lee and Andy Hu Savills.
Australia’s oldest private property developer, Lewis Land Group, has purchased the renowned south-east Queensland entertainment venue, the Mon Komo Hotel, in a deal negotiated by Michael Simpson and Leon Alaban Savills.
4-6 Bligh Street Sydney Mixed-use hotel and office tower project for sale through Savills Australia’s Michael Simpson, Vasso Zographou and Ben Azar and McVay Real Estate’s Sam McVay and Dan McVay
New five-star lifestyle hotel and office tower to redefine the Sydney Skyline
Savills Australia’s Michael Simpson, Vasso Zographou and Ben Azar and McVay Real Estate’s Sam McVay and Dan McVay have been appointed to handle the international expressions-of-interest campaign for the mixed use project at 4 - 6 Bligh Street, Sydney.
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.
New luxury hotel possible with Sydney's Sirius Building for sale
The sale of the Sirius Building in The Rocks has opened the doors for hotel developers to create a new hotel icon in Sydney, with flexible zoning allowing for repositioning of the existing structure or a compete demolition and rebuild.
Savills release their Feb 2018 Hotels Market Report
According to the report, hotels in Sydney and Melbourne are experiencing unprecedented trading performance, however there was a relative dearth of sales activity in 2017 with national transaction values down 35% compared to the 2016 calendar year.
Australia records second highest hotel transaction volume in Asia Q3 2017
The total APAC hotel investment volume surged in Q3/2017 to US$4.77 billion, making this quarter the most active in 2017 so far, with Australia recording the second-highest transaction volumes with AU$496.4 million according to Savills November 2017 Hotel Research.
