Sheraton, Westin and Denarau Fiji hotel resorts sold for $280m
The Sheraton Fiji Resort, The Westin Denarau Island Resort & Spa and the Denarau Golf & Racquet Club have sold for FJD $280m (AUD $179m) to the Fiji National Provident Fund (FNPF) in a deal brokered by Rob Cross of CBRE Hotels.
The Motel Oasis complex which consists of 15 spacious units and a conference facility, all air-conditioned, very well appointed with quality chattels was sold by Brent Hannah of Resort Brokers New Zealand.
Management rights of Brisbane's Royal Albert Hotel sold
The management rights to one of Brisbane’s landmark CBD heritage properties, the Royal Albert Hotel, has changed hands for the first time in almost two decades.
The leasehold interest of Sydney's Covent Garden Hotel - a Luey Family Chinatown pub icon - has been sold off-market by Ray White's Asia Pacific Director of Hotels Andrew Jolliffe.
Resort Brokers New Zealand have sold the 40 room Wellesley Hotel on the Lake, a characteristic hotel complex on a long-term lease agreement with 29 years remaining.
Management rights market remains strong for premium buildings
One of Australia’s largest, privately-owned accommodation operators has settled on its off-the-plan purchase of the management rights to a major luxury apartment project in inner-city Newstead, Brisbane.
Griffith’s Quest Apartment Hotel sells for over $15m
Strengthening investor interest in Australia’s regional hotel market has underpinned the sale of Quest Apartment Hotel in Griffith for $15.25 million - representing a strong yield of 7.5%.
Singaporean group swoops on holiday investment in Perth CBD hotspot
One of Singapore’s wealthiest private groups, Legend Land Perth Pty Ltd, has snapped up the 168-room Holiday Inn City Centre Perth for a reported $65 million.
After a 4 week international marketing campaign by Ray White Group's Number One agent internationally, Andrew Jolliffe, has this morning sold under the hammer the Padstow Park Hotel for $26 million.
SB&G Hotel Group has moved closer to its stated target of $1 billion of assets with the acquisition of two Watermark branded hotels in Brisbane and the Gold Coast.