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
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
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.
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.
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.
'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
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.
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.
The Savoy Hotel Little Collins Street Melbourne to open in October
The existing Vibe Savoy Hotel Melbourne on the corner of Spencer and Little Collins Street will undergo a multi-million-dollar refurbishment and re-open as The Savoy Hotel on Little Collins in October this year.
$75m Holiday Inn Geelong hotel approved to start construction
Franzé Developments' $150 million mixed-use project in Geelong, which is the largest in the region, has been granted development approval and is set to include a $75 million Holiday Inn & Suites - being the first in Australia and the largest new hotel project in the region in almost 20 years...
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.