$35m Aria Hotel sale caps off strong year for Canberra market
Canberra’s hotel market continues to gain momentum as the nation’s stand out performer, with the sale of the Aria Hotel for $35 million capping off a strong year of sales activity for the nation’s capital.
Naumi Hotels has announced their debut in Australasia with the opening of the Naumi Auckland Airport which will soon be joined by further sister hotels as the Naumi brand continues to expand.
Seen as another sign of investor confidence in the region, the 236-room Pullman Nadi Bay Resort and Spa marks the debut of the luxury Pullman brand in Fiji.
2017 came to a grand conclusion in the Melbourne hotel sector with the announcement of a hotel to be developed at Chadstone Shopping Centre to be operated by Accor Hotels under the MGallery by Sofitel Brand.
After months of speculation, one of China's biggest property developers has announced it will sell of its flagship Australian property assets in the Gold Coast and Sydney's Circular Quay.
Grocon, Aqualand and Scentre Group awarded central Barangaroo precinct
A consortium led by Grocon in partnership with Aqualand and Scentre Group has been selected by the Barangaroo Delivery Authority to deliver Central Barangaroo which will complete the transformation of the Barangaroo precinct.
Wyndham and La Quinta announce $1.95 billion acquisition agreement
Wyndham Worldwide has announced the acquisition of La Quinta’s hotel franchise and hotel management businesses for $1.95 billion with the deal expected to close in the second quarter of 2018.