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Novotel and ibis Melbourne Central Hotel opening in December

Sep 17, 2018

Novotel and ibis Melbourne Central Hotel opening in December

One of Melbourne’s most anticipated hotel openings, the new 483-room Novotel and ibis Melbourne Central on Little Lonsdale Street, is now taking bookings for stays from 1st December 2018.

George Hotel in South Melbourne sold for $5.2 million

Sep 11, 2018

George Hotel in South Melbourne sold for $5.2 million

The iconic George Hotel in South Melbourne has sold for $5.2 million, highlighting the ongoing demand for prominent investment opportunities in city-fringe locations in a deal brokered by Savills Australia’s Nick Peden, Clinton Baxter, Jesse Radisich and Glenn Ye.

Royal Hotel Sunbury Melbourne pub sold JLL Hotels

Sep 10, 2018

Royal Hotel Sunbury Melbourne pub sold JLL Hotels

JLL Hotels & Hospitality Group is delighted to announce the sale of the Freehold interest in the Royal Hotel, Sunbury - representing the sharpest yield for an ALH tenanted investment hotel in over 9 years.

Melbourne Pullman Park Hotel sold to iProsperity Group

Sep 7, 2018

Melbourne Pullman Park Hotel sold to iProsperity Group

iProsperity Group has announced the exchange of the five-star, 419-room Pullman Park Hotel opposite the MCG, which was being marketed for sale by JLL Hotels and McVay Real Estate.

St. Regis Hotels coming to Melbourne's Flinders Bank in 2022...

Aug 29, 2018

St. Regis Hotels coming to Melbourne's Flinders Bank in 2022

Local developer Century Group Aus has secured Australia’s first hotel under the renowned luxury St. Regis Hotels & Resorts brand - set to open at Flinders Bank in the Melbourne CBD.

Artist Impression - BPM Melbourne hotel project sold to InterGlobe for $91 million

Aug 22, 2018

Deals

Sold Properties

BPM Flinders Lane Melbourne hotel project sold to InterGlobe for $91 million

BPM’s 241-room DA approved Flinders Lane hotel in Melbourne has sold and settled to global investment fund, InterGlobe for $91.3 million - which will be managed by Toga Far East under the Quincy hotel brand.

Artist Impression of Quest Apartment Hotel in Robina, Gold Coast

Aug 15, 2018

Markets

Market Trends

Pellicano announces Quest as apartment hotel operator for $182m development portfolio

Pellicano has secured Quest as the apartment hotel operator for four mixed-use projects that in total will deliver 328 rooms and 99 residential apartments set to be completed by 2020.

Australia's tallest building awarded to Green Spine by UNStudio and Cox Architecture...

Aug 15, 2018

'Green Spine' awarded Australia's tallest building for Melbourne's Southbank by Beulah BMW Site

After a six-month global search, Green Spine (reaching 356m high) is set to become Australia's tallest tower within Melbourne's Southbank by Beulah BMW Site - designed by Dutch architecture firm UNStudio and Melbourne-based Cox Architecture.

$450m Melbourne Northbank Seafarers Place hotel and mixed-use redevelopment officially approved

Aug 10, 2018

Markets

Market Trends

$450m Melbourne Northbank Seafarers Place hotel and mixed-use redevelopment officially approved

Property developer Riverlee has received development approval for its $450 million redevelopment of the Northbank Goods Shed and surrounding land, that is set to revitalise the disused industrial waterfront site with a 5-star luxury hotel and mixed-use precinct.

IHG brings voco brand to Yarra Valley

Aug 8, 2018

Deals

Management Appointments

Barnes Capital and IHG brings new voco hotel brand to Yarra Valley

Entrepreneur Martyn Barnes has signed a management agreement to badge his new 170-room Yarra Valley hotel as voco™, IHG’s new upscale hotel brand, making it the second voco signing for Australia set to open in 2021.

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.heraldsun.com.au/news/victoria/marriott-hotel-approved-for-docklands-first-in-australia-for-20-years/news-story/8c46a260614200bbdd15e7f2fa3db93c

Marriott hotel approved for Docklands, first in Australia for 20 years

The 17-storey dual towers, to be built on Waterfront Way, will feature a public infinity pool on the rooftop.

Herald Sun

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/property/qatar-airways-circles-sheraton-hotel-in-melbourne/news-story/9bb2cf5abe08281d0c0478f98de63d8c

Qatar Airways circles Sheraton hotel in Melbourne

Qatar Airways is firming as the likely buyer of the Sheraton Melbourne in Little Collins Street for about $135 million in what would mark the Middle Eastern carrier’s entry into the local hotel sector.

The Australian

http://www.realestatesource.com.au/jeff-xus-golden-age-selling-melbourne-sheraton-135-million-sources.html

Jeff Xu's Golden Age selling Melbourne Sheraton for $135 million

The three year old asset, which Mr Xu's development company Golden Age developed on the ex-Naval and Military Club headquarters at 27 Little Collins Street, includes 175 rooms.

Real Estate Source