New Zealand holiday parks key to growing tourism in the regions
With 21% of international and domestic visitor guest nights in New Zealand spent in holiday parks, new research shows that they are key to growing tourism in the regions.
Stats NZ have recorded that visitor numbers were down last month compared with June 2017, when New Zealand hosted the British and Irish Lions Rugby tour - June 2017 recording 230,000 and June 2018 down 17,800 to 212,000.
Adelaide's famous Sofitel Mount Lofty House hotel $14m refurbishment
South Australia will soon have a new boutique hotel with the commencement of the final redevelopment stage at award-winning Mount Lofty House, part of AccorHotels’ MGallery by Sofitel brand.
SB&G to build new $50m Holiday Inn Express Hotel in Canberra
Melbourne-based property investment firm SB&G Hotel Group has confirmed development plans for a new $50 million hotel on its existing Crowne Plaza Hotel site in Canberra, scheduled to open in 2021.
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.
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.
Hilton Surfers Paradise Hotel for sale Gold Coast McVay Real Estate
The Hilton Surfers Paradise, comprising the Hilton Hotel and the associated management rights for the Hilton Residences across two iconic towers, is being marketed for sale by Sam McVay and Dan McVay of McVay Real Estate.
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.
New Zealand’s first Hotel Indigo opening in Auckland
The Auckland CBD will welcome New Zealand’s first 225-room Hotel Indigo in 2021, with IHG officially confirming an agreement with property development company Ninety Four Feet for a new $250m, 41-storey, mixed-use development at 51 Albert Street.
