Mercure Pakenham freehold sold for almost $16m by Stonebridge
The freehold interest in the Mercure Pakenham sold to a Melbourne based investor for $15,800,000 on a sharp passing yield. The 64 room Mercure hotel sold on a leaseback for 20 years brokered by Stonebridge’s Rorey James and Kevin Tong in conjunction with Ben Wilson and Emma Dunne of Wilson...
Adina Apartment Hotel Melbourne on Flinders - and its six adjoining warehouse-style apartments on Malthouse Lane - are sporting a fresh look that has been unveiled just in time for The Australian Open and the bustling 2023 Victorian events season.
NT Major Events Company announces Suzana Bishop new CEO
The Territory’s peak body for events, Northern Territory Major Events Company (NTMEC), has recruited highly respected major events and tourism professional Suzana Bishop as the organisation’s new Chief Executive Officer (CEO).
Setting yourself up for success – Overcoming obstacles to ensure your RMS investment is successful
According to Tracy Dong, Principal Industry Consultant at IDeaS, the longer a hotel has a RMS system in place, working in conjunction with an effective team, the greater the return a hotel will experience.
Liquidator appointed Coffs Motel & Villas Coffs Harbour sold by HTL Property & Ray White Commercial
Coffs Motel and Villas sold by Nic Simarro and James Carrick of HTL Property together with Michael McCullagh of Ray White Commercial Queensland. Insolvency and restructuring expert, Bill Karageozis of McLeod and Partners was appointed liquidator of 209 Pacific Highway Coffs Harbour sold by EOI...
c1881 Historical Hotel The Ambassador of Redcliffe overlooking Redcliffe Beach sold off-market by Savills Hotels
The hotel was built in 1881, the first in Redcliffe’s CBD, The Ambassador of Redcliffe sold to pre-approved private buyer negotiated by Leon Alaban and Tony Bargwanna of Savills Hotels.
Hotel investors still on the lookout amid COVID-19 - CBRE Survey
The Australian hotel industry remains cautiously optimistic about medium-term investor appetite amid the COVID-19 pandemic, according to CBRE Research’s latest Hotel Market Survey.
Emerging 'dark kitchen' trend among food retailers - CBRE
As Australia’s hospitality retailers look towards delivery services to bolster business during the COVID-19 pandemic, CBRE has released a report on the emerging dark kitchen trend feeding Australia’s growing meal delivery economy.