Hyatt Hotels has announced that a Hyatt affiliate has entered into a management agreement with Little Projects to open a 280-room Hyatt Centric hotel in Melbourne in 2020.
Melbourne's CBD to receive a dual-branded Hotel Indigo and Holiday Inn
IHG will open its first Australian dual-branded hotel by 2022 with the signing of Hotel Indigo Melbourne Little Collins and Holiday Inn Melbourne Bourke Street Mall, in the heart of the CBD.
Australia's StayWell group expands in India with Park Regis brand
One of Asia Pacific’s largest hotel management groups, StayWell Holdings, has announced it will further expand its Park Regis portfolio in India, with the rebranding of Aveda Resort & Spa in Kumarakom to Park Regis Aveda, Kumarakom scheduled to be completed by the end of May 2018.
Management rights market remains strong for premium buildings
One of Australia’s largest, privately-owned accommodation operators has settled on its off-the-plan purchase of the management rights to a major luxury apartment project in inner-city Newstead, Brisbane.
Griffith’s Quest Apartment Hotel sells for over $15m
Strengthening investor interest in Australia’s regional hotel market has underpinned the sale of Quest Apartment Hotel in Griffith for $15.25 million - representing a strong yield of 7.5%.
This morning's announcement of a new 168-room Hotel Indigo Sydney Central opening in 2021, will give travellers a new destination to satisfy their curiosity when staying in Sydney thanks to IHG and Watson Elite.
Singaporean group swoops on holiday investment in Perth CBD hotspot
One of Singapore’s wealthiest private groups, Legend Land Perth Pty Ltd, has snapped up the 168-room Holiday Inn City Centre Perth for a reported $65 million.
After a 4 week international marketing campaign by Ray White Group's Number One agent internationally, Andrew Jolliffe, has this morning sold under the hammer the Padstow Park Hotel for $26 million.
IHG acquires majority stake in Regent Hotels for $39m
InterContinental Hotels Group in a joint venture with Formosa International Hotels has announced the acquisition of a 51% stake in Regent Hotels and Resorts for $39 million, with the right to acquire the remaining 49% phased from 2026.