Asset shortage in key Australian cities drives acquisition spree by hotel groups
A shortage of suitable real estate for hotel developments in key cities such as Sydney, Melbourne, Gold Coast, Canberra, Auckland and Queenstown is behind a boom in acquisitions by top and mid-tier hotel groups - iPG’s quarterly Hotel Market Research Report.
AccorHotels Australia launches Facebook Chatbot, AccorBot
AccorHotels Australia has launched AccorBot - a completely integrated Facebook Chatbot, designed to help its 1.7 million Facebook fans with everything from hotel reservations, customer service queries, city guide information and more.
Colliers International release their Australia New Zealand Capital Market Investment Review Hotels research report
Gus Moors and Karen Wales of Colliers International have found that Australian hotel transaction activity slowed in FYE2018 with volumes easing to $1.338 billion - however deal flow increased with 35 transactions (above $10 million) concluding throughout the year; This compares to 30...
See the deductions available in a hotel lobby - BMT Tax Depreciation
Hoteliers are entitled to claim deductions in the form of depreciation for many of the assets installed during the fit-out of a property, including those commonly found in hotel lobbies.
Darwin and Gold Coast top hotel performers edging out Cairns, CBRE Hotels MarketView report
Gold Coast and Darwin shone as Australia’s best performing hotel markets over the last 12 months, edging Cairns from the top spot as reported by CBRE’s latest Hotels MarketView report for Q2 2018.
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.
AccorInvest Australian Hotel Portfolio for sale JLL Hotels
One of Australia’s largest hotel portfolios is for sale by AccorInvest, made up of 23 real estate assets and lease interests located across Sydney, Melbourne, Canberra, Brisbane and Perth, together with several major regional cities.
Ovolo Hotels supports emerging artists with The Other Art Fair partnership
Award-winning design-led hotel collection Ovolo Hotels celebrates its continued investment in supporting emerging artists, partnering with established leading art event, The Other Art Fair, for a second year.
See the depreciation deductions available in a hotel room
Depreciation is one of the most commonly overlooked tax deductions by property investors and research suggests that around 80 per cent of hotel owners fail to maximise the deductions available to them and are therefore missing out on thousands of dollars.
Marriott hotels to remove plastic straws worldwide by July 2019
Marriott International has announced that it has adopted a plan to remove disposable plastic straws and plastic stirrers from its more than 6,500 properties across 30 brands around the world - which would eliminate the use of more than 1 billion plastic straws per year and about a quarter...