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.
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.
Hotel investment appetite strong despite short-term tourism outlook - CBRE
Nearly 90% of hotel-industry participants in Australia and New Zealand are looking to maintain or increase their exposure to the sector, despite a consensus that per-room revenue in some major cities could take three-to-five years to recover to pre-pandemic levels.
Hotel Expert Damian Kelly Joins CBRE National Pubs Team
CBRE Hotels Managing Director Michael Simpson said, Damian Kelly’s intimate knowledge of pub operations and the industry positions him to strengthen both our NSW team and our national platform.
Rydges North Sydney sold for $75m to Singapore family office by CBRE
Singapore investment and asset management company High Street Holdings partner David Marriott flags further hotel purchases in Australia after acquiring Rydges North Sydney for $75m. CBRE Hotels Michael Simpson and Wayne Bunz negotiated the sale on behalf of Event Hospitality & Entertainment...
Commercial Hotel Redbank sold to new independent pub venture led by Peter Filipovic and Patrick Ryan negotiated by CBRE
New independent pub venture led by former Carlton & United Breweries CEO Peter Filipovic and Patrick Ryan of Ryan’s Hotel Group has finalised its maiden acquisition. The duo acquired the freehold going concern interest in the Commercial Hotel at Redbank following an off-market campaign...