Turning point for Australia’s hotel investment sector as activity hits a record low - CBRE Report
CBRE’s new Hotel Sales in Review 2020 report highlights recent deals such as the $180 million AccorInvest portfolio transaction as signs of a turning point for the sector, as the market begins a slow recovery from COVID-19.
Hilton Surfers Paradise sold for $70m to Jerry Schwartz
Australia’s largest private hotel investor, Dr Jerry Schwartz, has made his first foray into Queensland hotel property with the $70 million purchase of the five-star Hilton Surfers Paradise from the Chinese group, Ja Feng.
International visitor numbers up, domestic travel up, national hotel performance up - and a positive hotel outlook are some of the key takeaways from Deloitte's first 2018 edition of their Tourism and Hotel Market Outlook.