iPG's Sydney Park Regis Hotel sold for $54 million
iProsperity Group (iPG) has announced the sale of its Park Regis Hotel asset in Sydney’s City Centre for $54.18m to the Yeh Group, in a deal brokered by Gus Moors and Karen Wales of Colliers International.
Asset shortage in key Australian cities drives acquisition spree by hotel groups
A shortage of suitable real estate for hotel developments in key cities such as Sydney, Melbourne, Gold Coast, Canberra, Auckland and Queenstown is behind a boom in acquisitions by top and mid-tier hotel groups - iPG’s quarterly Hotel Market Research Report.
George Hotel in South Melbourne sold for $5.2 million
The iconic George Hotel in South Melbourne has sold for $5.2 million, highlighting the ongoing demand for prominent investment opportunities in city-fringe locations in a deal brokered by Savills Australia’s Nick Peden, Clinton Baxter, Jesse Radisich and Glenn Ye.
Australia’s most iconic food market will be the focal point of IHG’s latest hotel signing, with the 16-storey Hotel Indigo Adelaide Markets set to open in 2020 in partnership with Primefield Property Pty Ltd.
Melbourne Pullman Park Hotel sold to iProsperity Group
iProsperity Group has announced the exchange of the five-star, 419-room Pullman Park Hotel opposite the MCG, which was being marketed for sale by JLL Hotels and McVay Real Estate.
Strong investor demand combined with a lack of stock, very limited supply growth and sustained outperformance have created a perfect storm for Sydney’s five-star hotel market.
Scarcity sees Sydney five-star hotel room values soar Michael Simpson Savills Hotels
The rarer a commodity the higher its price. Strong investor demand combined with a lack of stock, very limited supply growth and sustained outperformance have created a perfect storm for Sydney’s five-star hotel market, according to Savills Hotels.
St. Regis Hotels coming to Melbourne's Flinders Bank in 2022
Local developer Century Group Aus has secured Australia’s first hotel under the renowned luxury St. Regis Hotels & Resorts brand - set to open at Flinders Bank in the Melbourne CBD.
Colliers International release their Australia New Zealand Capital Market Investment Review Hotels research report
Gus Moors and Karen Wales of Colliers International have found that Australian hotel transaction activity slowed in FYE2018 with volumes easing to $1.338 billion - however deal flow increased with 35 transactions (above $10 million) concluding throughout the year; This compares to 30...
Meadowbrook Hotel Brisbane pub sold for $6 million Paul Fraser CBRE Hotels
One of south east Queensland’s strongest performing pubs, the Meadowbrook Hotel in the heart of Logan, owned by Pelathon Management Group has been sold to Gallagher Hotels for $6 million.
ErdiGroup's Hotel Urban Brisbane sold to Facilimate for $31 million
ErdiGroup today announced it has finalised the sale of the 4-star, 11 storey Hotel Urban Brisbane for $31 million to purchasers Facilimate, in a deal brokered by Neil Scanlan and Leo Carne of Colliers International.