Folkestone Funds Management Limited has announced that it has launched the Folkestone Green Square Hotel Fund to acquire and construct a 144 room hotel at 18 O’Riordan Street, Alexandria in Sydney's South.
Construction officially begins at Saraceno Group's $1 billion M-City development
Mantra Group will operate the hotel and letting apartment component of Saraceno Group's $1 billion mixed-use development in Clayton, one of the fastest growing employment corridors in Melbourne's south-east.
CBRE reports major tourism projects bringing investment back to Brisbane
The new Brisbane International Cruise Terminal, Queens Wharf Development and several other major projects currently underway will boost the appeal of Brisbane as a destination for both domestic and international visitors.
Australia records second highest hotel transaction volume in Asia Q3 2017
The total APAC hotel investment volume surged in Q3/2017 to US$4.77 billion, making this quarter the most active in 2017 so far, with Australia recording the second-highest transaction volumes with AU$496.4 million according to Savills November 2017 Hotel Research.
Mantra Group has recorded its strongest year for growth
Mantra Group has achieved its largest year of growth since its inception in 2009, with a record 13 new properties joining its hotel and resort portfolio in 2017.
