Hilton Surfers Paradise sold for $70m to Jerry Schwartz
Australia’s largest private hotel investor, Dr Jerry Schwartz, has made his first foray into Queensland hotel property with the $70 million purchase of the five-star Hilton Surfers Paradise from the Chinese group, Ja Feng.
After 30 years of ownership, Peter Ryan has sold The Rising Sun Hotel in a deal brokered by Ray White Asia Pacific director Andrew Jolliffe, who believes that the national hotel market continues to attract preferential asset class attention from a broad spectrum of investors.
Yarraville's Commercial Hotel, overlooking the Maribyrnong River in Melbourne’s West, has sold to a local value-add investor who plans to refurbish and reopen the pub which closed earlier this year.
Following a highly publicised international marketing campaign launched late last year, Bondi’s iconic Level 3 Icebergs has been sold by John Singleton to the O’Brien Group, Australia’s largest privately-owned hospitality, entertainment and leisure company.
Sheraton, Westin and Denarau Fiji hotel resorts sold for $280m
The Sheraton Fiji Resort, The Westin Denarau Island Resort & Spa and the Denarau Golf & Racquet Club have sold for FJD $280m (AUD $179m) to the Fiji National Provident Fund (FNPF) in a deal brokered by Rob Cross of CBRE Hotels.
The Motel Oasis complex which consists of 15 spacious units and a conference facility, all air-conditioned, very well appointed with quality chattels was sold by Brent Hannah of Resort Brokers New Zealand.
Management rights of Brisbane's Royal Albert Hotel sold
The management rights to one of Brisbane’s landmark CBD heritage properties, the Royal Albert Hotel, has changed hands for the first time in almost two decades.
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.
Resort Brokers New Zealand have sold the 40 room Wellesley Hotel on the Lake, a characteristic hotel complex on a long-term lease agreement with 29 years remaining.
Management rights market remains strong for premium buildings
One of Australia’s largest, privately-owned accommodation operators has settled on its off-the-plan purchase of the management rights to a major luxury apartment project in inner-city Newstead, Brisbane.