After months of speculation, one of China's biggest property developers has announced it will sell of its flagship Australian property assets in the Gold Coast and Sydney's Circular Quay.
Voted one of Australia's top hotels, the Emporium Hotel in Brisbane's Fortitude Valley has traded hands for about $40 million to Hong Kong-based boutique hotel chain Ovolo Hotels.
Brisbane's riverfront icon sold for the first time in 31 years
Melbourne-based Australian Venue Co, formerly known as the Dixon Hospitality group, has quietly purchased Friday's Riverside Bar for an undisclosed price.
Brisbane Mercure and Ibis Hotels sold for $77 million
The 194-room Brisbane Mercure Hotel and 218-room Brisbane Ibis Hotel has sold for a combined $77 million from Singaporean hospitality trust, CDL representing a yield of 5.3 per cent in a deal brokered by Wayne Bunz of CBRE.
Brisbane's Plough Inn South Bank pub sold for over $13 million
The iconic Plough Inn hotel sold in Brisbane’s premier South Bank tourist precinct in a deal brokered by Brent McCarthy and Joseph Ganim of Savills Hotels which required Ministerial Approval and the approval of South Bank Corporation to Eumundi Group Limited which has purchased the 96 year head...
Crystalbrook Collection purchases Port Douglas’ Reef Marina
Australian tourism and hospitality group, Crystalbrook Collection, has announced its acquisition of The Reef Marina in Port Douglas, which is now to be known as Crystalbrook Superyacht Marina, and its intention to invest a further $100+ million into the Marina.
$23.75 million auction sale of beachfront Gold Coast resort
‘Nobbys Outlook’, a vacant two storey 46 apartment resort on the Gold Coast beachfront was sold under the hammer for $23.75 million to a Melbourne based investor by brokering agents Darrell Irwin and Geoff Lamb of Colliers International.
Paul Hogan syndicate to pay $21m for Brisbane's Queen's Arms Hotel
A new $100m hotel syndicate, headed up by Nick Politis and Peter Ashelford, is set to pay $21 million for Brisbane's Queen's Arms Hotel, along with former Crocodile Dundee star, Paul Hogan.
Mantra Group acquires Art Series Hotel Group for $52.5m
Tim Crooks and Trudy Crooks from Resort Brokers Australia have brokered the acquisition of the Art Series Hotel Group by Mantra Group for $52.5 million.
Ovolo Group expands Australian footprint to Brisbane
Located in the heart of Brisbane’s CBD, The New Inchcolm Hotel & Suites purchase by Ovolo Hotels was facilitated by JLL Hotels & Hospitality Group Vice President, Tom Gibson and Executive Vice President, Peter Harper.