AccorHotels makes $1.2 billion bid to acquire Mantra Group
The ASX has just received notification from the Mantra Group that it has received an indicative and non-binding proposal from AccorHotels to acquire the hotel company for AUD$3.96 per share which is understood to be brokered by JLL's Hotels and Hospitality Group.
Learn about becoming a Quest franchisee at an upcoming seminar in Brisbane, on Tuesday October 17 at Quest Woolloongabba, from 6pm and hear from industry experts Holmans Accounting, Mike Phipps Finance, Milicevic Lawyers and Resort Brokers Australia.
$2.8 billion Melbourne Square development set to soar
Multiplex, a leading global contractor, has been appointed by OSK Property to deliver Stage One of its iconic $2.8 billion Melbourne Square development featuring a 621 room hotel, set to be one of the largest mixed-use precincts in central Melbourne.
Sofitel Sydney Darling Harbour opens its $500 million doors
The $500 million Sofitel Sydney Darling Harbour officially opened on Tuesday marking Sydney’s first new-build luxury hotel since the Sydney Olympics opposite the new International Convention Centre.
Hotel property sector is outperforming all other property classes
The Australian tourism industry is growing at more than double the rate of the Australian economy with the Deloitte Tourism-Hotel Outlook 2017 reporting national hotel room revenue hit $27 million a night in 2016, raking in $9.8 billion over the year.
Deloitte releases Tourism and Hotel Market Outlook report
Deloitte’s Tourism and Hotel Market Outlook provides insight and analysis of the trends and issues confronting the Australian tourism and hotel sectors.
Singapore the top Asia Pacific tourism spending destination
A recent report from JLL's Hotels and Hospitality Group indicates that Singapore claimed Asia Pacific's top spot in total tourism spending expenditure at USD $15.4 billion according to MasterCard’s 2017 Asia Pacific Destinations Index tourism survey.
New South Wales pubs market outperforming all other property sectors
The latest CBRE Pub Trends Research Report indicates that New South Wales and Victoria are leading the pack in the Australian pubs market for the first half of 2017.
Canberra tourism numbers sees Abode Group and GEOCON strengthen
The Abode Group, one of Australia's most dynamic integrated hospitality enterprises and manager of Canberra's largest hotel brand, Abode Hotels has multiple projects in its development pipeline including Canberra's largest ever mixed-use precinct, Republic.
