ALH Nightcap Hotels opens its first property in Victoria
Nightcap Hotels (owned and operated by ALH Hotels, a brand of Endeavour Group) has expanded its accommodation portfolio to Victoria, with the opening of The Sands by Nightcap Plus in Carrum Downs; the gateway to the Mornington Peninsula.
Fully leased investment of the Wye Beach Hotel sold by JLL Hotels’ Senior Vice President Will Connolly. Wye Beach Hotel drew over 150 enquiries nationally from private investors to some of the industry’s most recognised capital, culminating in yield circa 4.10% yield. The hotel was eventually...
HTL Capital expands with Matthew Wright as Director in Victoria
“Matthew's experience as a senior banker, with a demonstrable record in the hospitality sector, further builds upon existing capabilities and extends our strategic reach in Victoria” commented HTL Capital National Director, Rick Woelms.
Victoria’s largest ever pub sale acquired by NSW hotel group brokered by JLL
JLL Hotels & Hospitality is delighted to announce the WestWaters Hotel & Entertainment Complex sold for a combined price of $85m to Oscars Hotels brokered off-market by JLL’s Vice President, Will Connolly and Managing Director, John Musca.
Bayview Eden hotel Melbourne for sale by JLL’s Peter Harper, Josh Rutman, Nick MacFie and MingXuan Li. Bayview Eden hotel has come to market as one of the largest remaining inner city landholdings in the St Kilda Road precinct.
Pullman Melbourne on the Park Honoured with Design Award
Following a $40 million renovation, Pullman Melbourne on the Park has been awarded the 2022 Design Inn Award for Hotel of the Year (refurbishment).The Australasia-Pacific Hotel Design Awards celebrate excellence in hotel interior design for projects located in Australia, New Zealand and the...
Choice Hotels welcomes Comfort Hotel Melbourne Central
Trent Fraser, CEO of Choice Hotels Asia-Pac, said “I’m thrilled to grow our metropolitan portfolio and welcomes, Comfort Hotel Melbourne Central’s General Manager, Samir Chandnani, who brings global experience to the Choice Hotels network as a third-generation hotelier with family properties...
Victorian hotel performance road to recovery; Accor calls for investment in events to fast-track tourism revival
Accor, the largest hotel operator in Australia, has recorded growth in occupancy across its network of 66 hotels (10,200 rooms) in Victoria, but its city and suburban properties are still being impacted by delayed recovery in business and meetings travel.
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.