Marriott International today announced it has signed an agreement with Greaton Group, to debut Westin Hotels & Resorts in South Australia as part of the Adelaide General Post Office redevelopment - set to open in 2022.
Auckland CBD Best Western Hotel sold Dean Humphries Colliers International
The 120-room Best Western President Hotel, less than 500m from the site of the New Zealand International Convention Centre, has become the first freehold hotel to sell as a going concern in Auckland’s CBD in five years.
Event Hospitality to re-brand Watermark Hotel Brisbane to The Park Hotel Brisbane
Event Hospitality today announced it has entered into an agreement to manage The Watermark Hotel, Brisbane, which will be re-branded as of 1 July 2018 to an independent, local brand – The Park Hotel Brisbane.
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.
Fiji Outrigger Resort and Castaway Island sold as part of USD 310m portfolio sale to Singha Estate
Singha Estate has announced the successful acquisition of six Outrigger-branded hotels across Fiji, Thailand, Mauritius and Maldives for USD 310 million, including Fiji's Outrigger Beach Resort and Castaway Island.
Following the opening of W Brisbane earlier this month, Marriott International has now announced that Darling Harbour's 'Ribbon' development will house their 5 star, 593-room W Sydney Hotel set to open in 2020 - with W Melbourne also planned to open in 2020.
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.
Minor Hotels acquires further 25.2% of Spain's NH Hotel Group for EUR 619m
Minor International announced today that it has reached an agreement with HNA Group to purchase an equity stake of 25.2% in the Madrid based NH Hotel Group in a two-tranche transaction valued at EUR 619 million.
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.