Barnes Capital and IHG brings new voco hotel brand to Yarra Valley
Entrepreneur Martyn Barnes has signed a management agreement to badge his new 170-room Yarra Valley hotel as voco™, IHG’s new upscale hotel brand, making it the second voco signing for Australia set to open in 2021.
Auckland CBD Holiday Inn and EVEN Hotel site sold to Pro-Invest for $31m
Part of an Auckland CBD site which was previously home to the New Zealand Herald for over 150 years has sold for $31 million to Pro-Invest, who is planning a 490-room dual branded hotel development of around 37 levels on the site.
The Savoy Hotel Little Collins Street Melbourne to open in October
The existing Vibe Savoy Hotel Melbourne on the corner of Spencer and Little Collins Street will undergo a multi-million-dollar refurbishment and re-open as The Savoy Hotel on Little Collins in October this year.
Rumba Resort Caloundra and Oceans Resort Hervey Bay management rights sold for $15m
The management rights of two landmark oceanfront resorts on the Sunshine Coast and Fraser Coast, Oceans Resort Hervey Bay and Rumba Resort Caloundra, have sold for a total of close to $15 million, brokered by Glenn Millar of Resort Brokers Australia.
Mercure Hotels expands in Australia and New Zealand with new openings announced
AccorHotels’ midscale hotel brand, Mercure has reached its 50th hotel milestone in the Pacific region with the announcement of four new hotels set to open in Australia and New Zealand within the next three years.
IHG rebranding Hayman Island Whitsundays to InterContinental Hotel
The Whitsunday Islands will welcome a new era of luxury in 2019 with the signing of a management agreement that will see IHG take over management of Hayman Island, rebranding it as Hayman Island, by InterContinental.
Australian Hotel and Brewery sold to Redcape John Musca JLL Hotels
The largest transaction of a going concern pub hotel in Australia in over a decade has been announced for around $50 million - The Australian Hotel & Brewery in Sydney's northwest has sold to Redcape Hotel Group in a deal brokered by John Musca of JLL's Hotels and Hospitality Group.
The Mitchelton Hotel joins MGallery by Sofitel network AccorHotels
AccorHotels has announced The Mitchelton Hotel & Spa, a $16 million hotel on the banks of the Goulburn Valley in Victoria has joined its boutique MGallery by Sofitel network.
Granville's Vauxhall Inn Hotel sold to Redcape Andrew Jolliffe Ray White Hotels
Following its recent acquisition of Townsville's Rising Sun Hotel for in excess of $20m, leading hotel group Redcape has acquired the 3,510sqm arterially positioned Vauxhall Inn Hotel in Sydney's Western Suburb of Granville for over $40 million.
Plaza Hotel New York sold to Qatar fund Katara Hospitality for $600m
Katara Hospitality, which buys and manages hotels across the world on behalf of the Qatar Government has acquired full ownership of the 111-year old Plaza Hotel New York for approximately $600 million.