CBRE advises on Melbourne’s largest hotel transaction in over five years
Novotel & ibis Melbourne Central Hotel sold $170 million to Worldwide Hotels Group subsidiary Legend Land Melbourne Pty Ltd through CBRE Hotels’ Wayne Bunz and Scott Callow.
Accommodation Australia thanks VIC Gov for $5.6m jobs investment
Accommodation Australia, has thanked the Victorian government on behalf of its members as the $5.6M Victorian Jobs program for priority cohort jobseekers concludes.
Snowy Mountains Motel, Cooba Sport & Education Centre for sale by QTHB & Manenti Quinlan & Associates
Cooba Sport & Education Centre in the Snowy Mountains has been listed for sale through QTHBs’ Ryan Doughty and Manenti Quinlan & Associates’ Ray Larkin.
ALH leased Sunshine Coast hotel investment sold by CBRE
Alexandra Headland’s Alex Hotel sold to Sydney-based family for $11 million on a yield of 6.19%. The beachfront hotel leased to Australian Leisure and Hospitality Group (ALH) sold by CBRE’s Louisa Blennerhassett, Rem Rafter and Paul Fraser who brokered the transaction on behalf of a Melbourne...
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...
Gold Coast’s Sheraton Grand Mirage Resort sold by Colliers, McVay Real Estate & JLL
Sheraton Grand Mirage Resort Gold Coast sold by Colliers, McVay Real Estate and JLL. Appetite for the renowned hotel indicates accelerated recovery of the sector will continue, following more than $1 billion in national hotel transactions over H1 2023, according to Colliers.
