Hotel Deal of the Year Awards Presented at HICAP ANZ
HICAP ANZ announced the winner of its prestigious Development of the Year and Transaction of the Year Awards on 2 September 2022, at the Sofitel Sydney Darling Harbour in Sydney, NSW, Australia.
Hobart’s Iconic Telegraph Hotel Re-Opens After $5m Make Over in partnership between The Bourke family and AVC
Stephen Bourke, who is the joint owner of the building with Brendan Bourke, said they were excited to re-open their family pub. Said “Our family has owned and loved this magnificent waterfront pub for around 30 years. The total refurbishment we’ve undertaken including our stunning rooftop bar is...
IHG Hotels & Resorts to open Hotel Indigo in Tokyo’s world-famous Shibuya district in late 2023
IHG Hotels & Resorts has signed a management agreement with Pan Pacific International Holdings Corporation to open Hotel Indigo Tokyo Shibuya in late 2023.
Australia based Baillie Lodges Expands to South America with Acquisition of Chile’s Tierra Hotels
Australia-based boutique ultra-luxury hotel platform Baillie Lodges has acquired a majority share in Chile’s esteemed Tierra Hotels (“Tierra”), whose intimate collection includes experiential luxury lodges in three of South America’s most extraordinary wilderness destinations.
Sir Stamford Circular Quay hotel on Macquarie Street sold to JDH Capital for $210.5 m
In a deal via an exercisable option agreement with Singapore property tycoon CK Ow’s SGX-listed Stamford Land Corporation agreed at just over $2m per room and some $120.5m above valuation, JDH Capital have purchased the 105 room 5 star hotel recently planned for a $380m redevelopment near the...
Hotel DeBrett business in Auckland CBD sold through Bayleys Real Estate
The business interest of the Hotel DeBrett sold to Habitat Hotels & Apartments by Gordon McGregor of Bayleys Real Estate. Due to settle in September this year Hotel DeBrett will join Ohtel group under a “sister” brand which has hotels in both Wellington and Auckland. Mr McGregor said the...
HPI & AVC exit the Lord Stanley sold off market by JLL
The freehold going concern of the Lord Stanley Hotel East Brisbane sold by JLL Hotels & Hospitality Group Senior Vice President Tom Gleeson. The Lord Stanley Hotel sold to Hakfoort Group off-market for $20m on behalf of Hotel Property Investments and Australian Venue Co.