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Latest from Australian Capital Territory

Canberra’s High Society debuts in Belconnen

Apr 4, 2018

Canberra’s High Society debuts in Belconnen

Two 27-storey glass towers at 113 and 100 metres tall are the jewels in the crown of Geocon’s Republic mixed-use development which will deliver 541 apartments and a 135-room Abode hotel.

Republic, ACT's largest ever mixed use project approved...

Mar 20, 2018

Markets

Market Trends

ACT's largest ever mixed use project approved

The ACT Government has approved the $1 billion Republic development, the largest mixed-use project ever approved in the national capital, including the city’s tallest and highest building.

New Murrumbateman hotel just the beginning for Abode Group

Feb 19, 2018

Deals

Management Appointments

Markets

Market Trends

Market Overviews

New Murrumbateman hotel just the beginning for Abode Group

Geocon’s Abode Group plans to become the Canberra region’s biggest hospitality operator within three years having multiple projects in its pipeline.

$35m Aria Hotel sale caps off strong year for Canberra market

Feb 8, 2018

$35m Aria Hotel sale caps off strong year for Canberra market

Canberra’s hotel market continues to gain momentum as the nation’s stand out performer, with the sale of the Aria Hotel for $35 million capping off a strong year of sales activity for the nation’s capital.

Ovolo Hotels enters Canberra with Hotel Hotel

Jan 17, 2018

Deals

Management Appointments

Ovolo Hotels enters Canberra with Hotel Hotel

Molonglo Group has sold Canberra's Hotel Hotel to Ovolo Hotel Group, who will take over management from March 1, 2018.

Republic Canberra Artist Impression

Sep 25, 2017

Markets

Market Trends

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.

West Block buildings in front of new Parliament House

Sep 24, 2017

Deals

Sold Properties

New luxury hotel for Canberra's historic West Block buildings

The historic West Block buildings in front of new Parliament House will be restored and re-purposed to a magnificent luxury hotel following Geocon’s $6.25 million acquisition of the site from the Commonwealth.

Quest Canberra for sale by Resort Brokers Australia

Sep 17, 2017

Properties

Management Rights

Quest leasehold apartment hotel for sale in Australia's capital city, Canberra

37-boutique serviced apartment hotel, Quest Canberra leasehold for sale by Trudy Crooks and Russell Rogers of Resort Brokers Australia.

The Garema Centre was sold by Colliers International for $13.35 million

Sep 7, 2017

Canberra CBD's new $100 million hotel opening in 2020

Geocon and Abode Groups announcement on Canberra’s first luxury hotel in the CBD comes after the acquisition of the Garema Centre, sold by Matthew Winter of Colliers International.

Mantra Hotel Canberra is barely recognisable from previously being a office tower

Sep 1, 2017

Markets

Market Trends

Mantra converts Canberra office tower to hotel for $19 million

A former office tower is transformed into a 176-room Mantra hotel, as part of the city's vibrant urban renewal program, to meet Canberra's growing demand for hotel capacity.

News Roundup

https://www.accomnews.com.au/2017/08/national-apartment-supply-pipeline-approaches-cyclical-peak/

National apartment supply pipeline approaches cyclical peak

Latest apartment supply figures from JLL show that strong levels of completions are expected over the remainder of the year that will see 2017 supply exceed 2016 levels.

Accom News

http://www.travelweekly.com.au/article/accorhotels-set-to-open-six-hotels-in-three-months/

AccorHotels set to open six hotels in 3 months

Being the leading hotel operator in Asia Pacific wasn’t enough – this travel and lifestyle group needed more: in Malaysia, New Zealand, Australia, Singapore and China, to be specific.

Travel Weekly

http://www.news.com.au/travel/travel-advice/accommodation/the-truth-about-fivestar-hotel-ratings/news-story/627967901b15f75ecf7c715a15baef4c

The truth about five-star hotel ratings

In Australia, the most comprehensive system is Star Ratings Australia. Only 39 hotels in the country have been awarded the coveted five stars.

News.com.au

http://www.theaustralian.com.au/business/hotels-told-to-better-accommodate-chinese-tastes/news-story/2f1b854fc3e3aafca39bae392e4e4c2c

Hotels told to better accommodate Chinese tastes

China will overtake New Zealand as Australia’s biggest source of international visitors, pumping $13 billion into the economy by 2020.

The Australian

http://www.afr.com/real-estate/toga-and-qualitas-temporarily-donate-former-sydney-hotel-to-homeless-youths-20170328-gv8i2l

Toga and Qualitas temporarily donate former Sydney hotel to homeless youths

Developer Toga and real estate investor Qualitas have provided their vacant property, the former Addison Hotel in Sydney's Kensington, to community groups for use as a youth homeless shelter for a year.

Australian Financial Review