Queensland the national standout in 2018, Wayne Bunz CBRE Hotels
Queensland now has some of the best luxury brands in Australia. In Brisbane, the luxury gap has been filled by a number of new openings this year – many of which represent true 5 star offerings not previously seen in Australia.
Hilton Surfers Paradise sold for $70m to Jerry Schwartz
Australia’s largest private hotel investor, Dr Jerry Schwartz, has made his first foray into Queensland hotel property with the $70 million purchase of the five-star Hilton Surfers Paradise from the Chinese group, Ja Feng.
World-renowned hotel heavyweights, KSL Capital, have entered into a strategic partnership with Australian luxury lodge pioneer Baillie Lodges, in a deal brokered by Tom Gibson, Vice President of Investment Sales, JLL Hotels & Hospitality Group.
ibis Sydney World Square unveils $4 million refurbishment
AccorHotels has unveiled a new-look ibis Sydney World Square, following an impressive $4 million refurbishment of the premium economy hotel, completed just in time for summer in Sydney.
MONA lodges new plans for $400m 'Motown' hotel, replacing 'HoMo'
Tasmania's Museum of Old and New Art has applied for planning approval for 'Motown', a 176-room $400 million hotel development replacing 'HoMo' slated to open in 2024.
Choice Hotels extends franchise partnership with Clarion Suites Gateway Melbourne CBD hotel
Choice Hotels Asia-Pac, one of the region’s leading hotel franchise groups, has extended its franchise partnership with Melbourne CBD property, Clarion Suites Gateway.
Ascott Raffles Place Singapore Hotel sold for $353.3 million
The Ascott Raffles Place Singapore has sold for $353.3 million to private investor Cheong Sim Lam, in a deal brokered by Shaun Poh of Cushman & Wakefield.
