Leasehold interest in Toowoomba’s Platinum International Motor Inn sold
The leasehold interest in Toowoomba’s 4.5-star Platinum International Motor Inn, one of the city’s premium accommodation assets, has been sold for the first time since it opened in 2008.
Portfolio of 87 Coles pubs sold to Australian Venue Co for $200m
Bruce Dixon’s 60-plus strong Australian Venue Co will take on the operations of Coles’ Spirit Hotels in Queensland in a deal worth approximately $200 million.
Falls Creek and Hotham ski fields sold to Vail Resorts for $174m
Vail Resorts has announced that it has entered into an agreement to purchase the ski fields at Falls Creek Alpine Resort and Hotham Alpine Resort in Victoria for $174 million.
Best Western Hotels & Resorts Acquires Global Upper Upscale And Luxury Hotel Collection, WorldHotels
Best Western has announced today it has acquired renowned global hotel brand WorldHotels, representing a collection of approximately 300 hotels and resorts in premier destinations around the world, including the Stamford Plaza hotels in Adelaide, Brisbane, Melbourne and Sydney Airport.
InterContinental Hotels Group has today announced the acquisition of Six Senses Hotels Resorts Spas, one of the world’s leading operators of luxury hotels, resorts and spas for $300 million.
Moxy Hotels is set to debut in Australia with the signing of Moxy Melbourne South Yarra, a 180-room, new build standalone hotel slated to open in July 2021.
Hervey Bay Caravan Park 'Coconut Grove' sold at Auction
Three registered bidders battled it out as a consortium of Queensland-based caravan operators walked away as the purchasers of a caravan park for $1.7M, marketed by Glenn Fallon of Ray White Hervey Bay.
Newcastle pubs the Belmont Hotel and Salamander Tavern sold for $20m by HTL Property
Following the competitive sale of Elemore Vale’s Shaft Tavern to Iris Capital’s Sam Arnaout in December, HTL Property now announces the off-market sales of both the Belmont Hotel and Salamander Tavern in separate transactions to begin the new year.
Westin Perth Hotel sold for over $200m - Mark Durran JLL Hotels
In the largest single asset transaction of 2018, and the largest ever in Perth, the brand new Westin Perth has been acquired by Malaysia’s YTL Group in a deal negotiated by JLL Hotels & Hospitality Group’s Managing Director, Mark Durran.