Mercure Pakenham freehold sold for almost $16m by Stonebridge
The freehold interest in the Mercure Pakenham sold to a Melbourne based investor for $15,800,000 on a sharp passing yield. The 64 room Mercure hotel sold on a leaseback for 20 years brokered by Stonebridge’s Rorey James and Kevin Tong in conjunction with Ben Wilson and Emma Dunne of Wilson...
c1881 Historical Hotel The Ambassador of Redcliffe overlooking Redcliffe Beach sold off-market by Savills Hotels
The hotel was built in 1881, the first in Redcliffe’s CBD, The Ambassador of Redcliffe sold to pre-approved private buyer negotiated by Leon Alaban and Tony Bargwanna of Savills Hotels.
Northern Beaches Brookvale Hotel sold to generational hotel operator by JLL
Brookvale Hotel sold to Irvin Hotel Group following a keenly contested off-market, invitation only sale process managed by JLL Hotels Managing Director John Musca and JLL Senior Vice President, Ben McDonald.
Salter Brothers confirm their acquisition of Spicers Retreats
Paul Salter, Managing Director of Salter Brothers said “This is an exciting acquisition and a great fit for our strategy to acquire unrepeatable assets in amazing locations, targeting the luxury retreat market, which continues to grow globally. “The Spicers Retreat brand is well-established, and...
The Espy sold for $64m to Cohen Family brokered by Gorman Allard Shelton
The St Kilda icon the Hotel Esplanade sold for $64 million to the Cohen Family owners of The Block Arcade on Collins Street. Sold on behalf of Sand Hill Road, founders Andy and Matt Mullins, Andrew Larke, Doug Maskiell and Tom Birch, brokered by Gorman Allard Shelton’s Joseph Walton and Jonathon...