New Zealand holiday parks key to growing tourism in the regions
With 21% of international and domestic visitor guest nights in New Zealand spent in holiday parks, new research shows that they are key to growing tourism in the regions.
Stats NZ have recorded that visitor numbers were down last month compared with June 2017, when New Zealand hosted the British and Irish Lions Rugby tour - June 2017 recording 230,000 and June 2018 down 17,800 to 212,000.
SB&G to build new $50m Holiday Inn Express Hotel in Canberra
Melbourne-based property investment firm SB&G Hotel Group has confirmed development plans for a new $50 million hotel on its existing Crowne Plaza Hotel site in Canberra, scheduled to open in 2021.
IHG rebranding Hayman Island Whitsundays to InterContinental Hotel
The Whitsunday Islands will welcome a new era of luxury in 2019 with the signing of a management agreement that will see IHG take over management of Hayman Island, rebranding it as Hayman Island, by InterContinental.
Sebel Moonee Ponds Mason Square Melbourne for sale
The Sebel Moonee Ponds serviced apartments complex is for sale, a 97-apartment project being developed as part of a major urban renewal precinct know as Mason Square on the former Moonee Ponds market site.
AccorInvest Australian Hotel Portfolio for sale JLL Hotels
One of Australia’s largest hotel portfolios is for sale by AccorInvest, made up of 23 real estate assets and lease interests located across Sydney, Melbourne, Canberra, Brisbane and Perth, together with several major regional cities.
Ovolo Hotels supports emerging artists with The Other Art Fair partnership
Award-winning design-led hotel collection Ovolo Hotels celebrates its continued investment in supporting emerging artists, partnering with established leading art event, The Other Art Fair, for a second year.
See the depreciation deductions available in a hotel room
Depreciation is one of the most commonly overlooked tax deductions by property investors and research suggests that around 80 per cent of hotel owners fail to maximise the deductions available to them and are therefore missing out on thousands of dollars.
New Zealand’s first Hotel Indigo opening in Auckland
The Auckland CBD will welcome New Zealand’s first 225-room Hotel Indigo in 2021, with IHG officially confirming an agreement with property development company Ninety Four Feet for a new $250m, 41-storey, mixed-use development at 51 Albert Street.
Dunedin Waterfront Project receives Government funding support
The Dunedin Waterfront Project has taken a step forward by receiving Government support with the Provincial Growth Fund (PGF) investing $820,000 in order to complete a full feasibility assessment and develop a business case.
