$35m Aria Hotel sale caps off strong year for Canberra market
Canberra’s hotel market continues to gain momentum as the nation’s stand out performer, with the sale of the Aria Hotel for $35 million capping off a strong year of sales activity for the nation’s capital.
Brisbane’s 4 star Hotel Urban, an 11-storey boutique hotel opposite the Roma Street Parkland is for sale, attracting a high level of interest given Brisbane's current level of infrastructure investment.
Shangri-La confirmed for luxury Melbourne CBD Development
S P Setia Berhad Group, the premier Malaysian property developer, and Shangri-La Hotels and Resorts, the leading Asia-based luxury hotel group, has announced Shangri-La as the official hotel operator for the planned landmark luxury development in Melbourne’s CBD.