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One of Melbourne’s well known hotels, the Bayview on the Park opposite Albert Park sold unconditionally in what is one of the city’s largest hotel and inner city land deals for 2021 by JLL Hotels & Hospitality Group’s Peter Harper and Nick MacFie, alongside JLL Capital Markets’ Josh Rutman and...
Sep 23, 2021
Deals
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Properties
Accommodation Hotels
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Melbourne’s iconic ‘Bayview on the Park’ hotel sold for new benchmark land pricing by JLL

One of Melbourne’s well known hotels, the Bayview on the Park opposite Albert Park sold unconditionally in what is one of the city’s largest hotel and inner city land deals for 2021 by JLL Hotels & Hospitality Group’s Peter Harper and Nick MacFie, alongside JLL Capital Markets’ Josh Rutman...

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Oscar Zevallos-Riveros
Sep 21, 2021
Profiles
Operators / Managers
Quest appoints franchise owners for new properties in Wangaratta and Ballarat Station

Quest Apartment Hotels has appointed franchise business owners for Quest Wangaratta and Quest Ballarat Station.

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In a letter to members the Demons President Kate Roffey and CEO Gary Pert announced the Bentleigh Club sold to established local property developer, Metro, for $23.7 million.
Sep 17, 2021
Deals
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Properties
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Pub / Tavern
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Go Dees! The Demons to establish a future fund after Bentleigh Club sold to Metro for $23.7m by Stonebridge Property Group

In a letter to members the Demons President Kate Roffey and CEO Gary Pert announced the Bentleigh Club has been sold to established local property developer, Metro, for $23.7 million. Kate Roffey and Gary Pert thanked the Stonebridge Property Group and Charter Keck Cramer for their support...

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The Freehold Interest of the Boronia Hotel for sale presenting yet another AAA investment. Marketed exclusively for sale via JLL’s John Musca, Will Connolly and Stuart Taylor along with Steve Cropley and George Iliopulos of Cropley Commercial.
Sep 15, 2021
Properties
Pub / Tavern
Gaming
Melbourne Boronia Hotel investment for sale by Cropley and JLL

The Freehold Interest of the Boronia Hotel for sale presenting yet another AAA investment. Marketed exclusively for sale via JLL’s John Musca, Will Connolly and Stuart Taylor along with Steve Cropley and George Iliopulos of Cropley Commercial. 

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The Freehold interest of Edwardes Lake Hotel Reservoir sold for $28 million within 24 hours closure of EOI. The property was offered exclusively for sale via JLL’s John Musca, Will Connolly and Stuart Taylor in conjunction with Steve Cropley and George Iliopulos of Cropley Commercial.
Sep 14, 2021
Deals
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Properties
Pub / Tavern
Gaming
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Freehold investment Edwardes Lake Hotel sold by JLL & Cropley

The Freehold interest of Edwardes Lake Hotel Reservoir sold for $28 million within 24 hours closure of EOI. The property was offered exclusively for sale via JLL’s John Musca, Will Connolly and Stuart Taylor in conjunction with Steve Cropley and George Iliopulos of Cropley Commercial.

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The Freehold Interest of The Brook Point Cook for sale investment is being offered exclusively for sale by JLL’s Will Connolly, Stuart Taylor and Tom Noonan.
Sep 13, 2021
Properties
Accommodation Hotels
Pub / Tavern
Gaming
Freehold Interest of ‘The Brook’ for sale amidst a frantic Melbourne market offer by JLL

The Freehold Interest of The Brook Point Cook for sale investment is being offered exclusively for sale by JLL’s Will Connolly, Stuart Taylor and Tom Noonan.

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The freehold interest of the Customs House Hotel sold in Williamstown for $5.85 million by CBRE’s Scott Callow, David Minty and JJ Heng, in conjunction with James Gregson of Gregson Commercial.
Aug 30, 2021
Deals
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Properties
Pub / Tavern
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Williamstown hotel sold for $5.85m by CBRE at 3.84% net

The freehold interest of the Customs House Hotel sold in Williamstown for $5.85 million by CBRE’s Scott Callow, David Minty and JJ Heng, in conjunction with James Gregson of Gregson Commercial.

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Aug 25, 2021
Victoria (Vic.)
Restored 1880s 'Lyon House' Ballarat will continue to operate as short-stay accommodation.

Ballarat boutique hotel sold by Daniel Nestor and Tony Zelenich of McGrath Ballarat for $1.7 Million.

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Michael Renzella’s Hotel Claremont building at 189 Toorak Road South Yarra sold to a local developer for an undisclosed price with a permit for a circa $50 million, 12 level, luxury mixed use project, in a deal brokered by Michael Ludski and Luke Bisset of Teska Carson.
Aug 24, 2021
Properties
Development Sites
Pub / Tavern
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Michael Renzella’s Hotel Claremont sold to local developer by Teska Carson

Michael Renzella’s Hotel Claremont building at 189 Toorak Road South Yarra sold to a local developer for an undisclosed price with a permit for a circa $50 million, 12 level, luxury mixed use project, in a deal brokered by Michael Ludski and Luke Bisset of Teska Carson.

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Victoria’s Tudor Inn Hotel sold on a 3.79% yield setting a new national record for an ALH-tenanted investment. The CBRE Melbourne team of Nathan Mufale, David Minty, Scott Hawthorne, JJ Heng and Mathew George CBRE Hotels negotiated the $15,660,000 sale of the 1281 Nepean Highway, Cheltenham.
Aug 17, 2021
Deals
Sold Properties
Properties
Pub / Tavern
Sold
New national benchmark set as ALH-tenanted investment sold for 3.79% yield by CBRE

Victoria’s Tudor Inn Hotel sold on a 3.79% yield setting a new national record for an ALH-tenanted investment. The CBRE Melbourne team of Nathan Mufale, David Minty, Scott Hawthorne, JJ Heng and Mathew George CBRE Hotels negotiated the $15,660,000 sale of the 1281 Nepean Highway, Cheltenham.

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