Brighton’s Savoy Hotel sold to Primeland for $120 million ultra-luxury residences - Knight Frank
Melbourne-based developer Primeland has announced the acquisition of one of Brighton’s most significant development parcels, the former Savoy Hotel, with plans to transform the site into a $120 million ultra-luxury apartment and townhouse project.Knight Frank’s Stephen Kelly, James Thorpe and...
Melbourne’s iconic Adelphi Hotel sold for $25m to Sydney developer - JLL & CVA
The Flinders Lane hotel sold to Virtical Pty Ltd (formerly known as Core Asset Development Pty Ltd) negotiated by JLL Hotels & Hospitality’s Peter Harper and Nick MacFie following a public Expressions of Interest sale campaign, in conjunction with CVA’s Charles Cini and Ian Angelico.
Salter Brothers acquires luxury boutique hotel & estate portfolio in NSW
Escarpment Group’s collection of luxury boutique hotels and estates sold to Salter Brothers.Paul Salter, Managing Director of Salter Brothers, said “These boutique hotels and estates will complement our growing portfolio for this strategy and the assets present significant opportunities as part...
Iconic hotel Lygon Lodge sold $17,380,000 by Savills
An iconic hotel in one of Melbourne’s best-known retail and hospitality precincts sold by Benson Zhou, Rob Williamson, Julian Heatherich and Nick Lower from Savills Australia and New Zealand.
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...
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...
c1854 Chateau Yering sold to ASX listed Elanor Investor Group by Burgess Rawson and HTL Property
ASX listed Elanor Investor Group has purchased the spectacular Chateau Yering in Victoria’s picturesque Yarra Valley in a deal brokered by Burgess Rawson and HTL Property.
Fully leased investment of the Wye Beach Hotel sold by JLL Hotels’ Senior Vice President Will Connolly. Wye Beach Hotel drew over 150 enquiries nationally from private investors to some of the industry’s most recognised capital, culminating in yield circa 4.10% yield. The hotel was eventually...
Victoria’s largest ever pub sale acquired by NSW hotel group brokered by JLL
JLL Hotels & Hospitality is delighted to announce the WestWaters Hotel & Entertainment Complex sold for a combined price of $85m to Oscars Hotels brokered off-market by JLL’s Vice President, Will Connolly and Managing Director, John Musca.