After months of speculation, one of China's biggest property developers has announced it will sell of its flagship Australian property assets in the Gold Coast and Sydney's Circular Quay.
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's riverfront icon sold for the first time in 31 years
Melbourne-based Australian Venue Co, formerly known as the Dixon Hospitality group, has quietly purchased Friday's Riverside Bar for an undisclosed price.
Monsoons Darwin will change hands for the first time in 16 years with the off-market deal by Savills Hotels adding to the national portfolio of Australian Venue Co.
The popular East Brunswick Hotel sold at auction for $4.4 million
The under the hammer sale of Melbourne's East Brunswick Hotel has capped off an extremely boisterous end to 2017 for Melbourne pub sales, says brokering agent Will Connolly of CBRE.
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.
Melbourne's BMW dealership sold in $100 million deal
It is the biggest development site deal in central Melbourne this year, Malaysian-backed developer Beulah International has purchased the BMW site on the fringe of Melbourne CBD in a $101,008,888 deal.
Perth property due buy historic Coogee Hotel and Post Office
The 116-year-old hotel sale was sold for $2.3 million to restaurateur Nic Trimboli and property developer Adrian Fini after a sale process steered by Colliers International’s Tory Packer on behalf of the vendor, Main Roads WA.
The businesses of Portmans Motor Lodge, BK’s Chardonnay Motor Lodge and Te Awa Motel have sold in the past months finishing off a strong year for Resort Brokers New Zealand.