JLL advises on landmark Hilton Sydney Hotel Transaction
JLL Hotels & Hospitality Group today announced that it has negotiated the transaction of the Hilton Sydney Hotel, the largest single asset hotel deal ever closed in Australia. The hotel was acquired by Barings Private Equity Asia (“BPEA”) for approximately A$530 million (US$370 million) and...
CBRE advises Aldar on DoubleTree by Hilton Resort transaction in Ras Al Khaimah USD 221 million
Global real estate advisor CBRE has provided valuation and technical due diligence advisory services to Aldar Properties PJSC on the purchase of DoubleTree by Hilton Resort & Spa, Al Marjan Island for USD 221 million (AED 810 million). Ali Manzoor, Head of Hotels & Tourism at CBRE Middle...
TAA (Vic) bolsters advisory committee in lead up to intended merger
As the intended merger between Tourism Accommodation Australia and the Accommodation Association continues to gather momentum, TAA (Vic) has added two senior hoteliers to its advisory committee ranks. David Tonkin, Cluster General Manager, Melbourne – Pan Pacific Hotel Group and Sandra Smith,...
Caravan Parks underpinned by large land holdings in demand says Ray White Commercial
Caravan and tourist park assets are often positioned in between travel routes and growing regions and cities, says Ryan Langham and Nathan Huxham from Ray White Commercial Burleigh Group who have listed 5 Caravan Parks for sale in the last few weeks stretching from Dunk Island through to Ballina...
InterContinental Hayman Island announces new secluded adults only Beachfront Pavilions
InterContinental Hayman Island Resort has announced the addition of 12 ultra-luxury Beachfront Pavilion suites to deliver an exclusive “adults-only” experience in the heart of the Whitsundays.
Peppers Kings Square in Perth sold $26 million - CBRE
Singapore investment and asset management company High Street Holdings (HSH) has added another Australian hotel to its fast-growing global portfolio with the purchase of Peppers Kings Square in Perth for circa $26 million.
Management Rights’ industry worth $4.8b in Australia, according to groundbreaking report from ResortBrokers
Management Rights contributes a staggering amount to the Australian economy, with $120 billion of accommodation assets under management, according Management Rights’ Report 2022 authored by ResortBrokers Alex Cook, Tim Crooks and Josh Mangleson.
PK’s Jungle Village Cape Tribulation for sale by JLL
Daintree Rainforest PK’s Jungle Village for sale by JLL Hotels & Hospitality’s Senior Vice President Gareth Closter & Vice President Christian Tsalikis.
Guests are willing to pay up to a 30% premium for Lifestyle Hotels, says CBRE
When selecting hotels, guests show they would be willing to pay on average a 16% premium for a lifestyle property over a traditional one, with some guests willing to pay up to 30% more, latest CBRE research finds.
One of Australia’s favourite caravan parks sold $27.5m - CBRE
G & R Kratzmann Property Investments has acquired one of the nation’s favourite caravan parks, as demand for regional Queensland leisure assets goes from strength to strength.