The Retreat Hotel, best known for its appearance in the 1970’s television series The Sullivans, has sold at auction to a local pub owner Bill Toohey, who's now looking to re-lease the hotel to an experienced operator.
Veriu expands to Melbourne with acquisition of Punthill Apartment Hotel Group
Having successfully established a Sydney network of bespoke hotels and suites, Veriu is set to expand interstate with the acquisition of 13 hotels under the well-known Punthill Apartment Hotel brand.
International developers vying for St Kilda's Novotel Hotel site
The sale of the 211-room waterfront Novotel Hotel on St Kilda's Esplanade, which has a permit for a three tower luxury apartment project will have developers looking to take advantage of pent up demand for the end product.
The old Northbank Goods Shed site fronting Melbourne's Yarra River has received the green light for a $450 million hotel, residential and commercial redevelopment by privately-owned developer Riverlee.
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.