Accor completes deal with Salter Brothers to add nine Mercure hotels to its growing portfolio
With the $620m acquisition of the Travelodge portfolio by Salter Brothers now complete, a total of 10 hotels have joined Accor’s portfolio, including nine Mercure hotels and an ibis Styles property in Sydney’s CBD. The portfolio acquisition was negotiated by Sam McVay of McVay Real Estate.
Choice Hotels Asia Pacific has signed a 15-year Master Franchise Agreement with Suba Group of Hotels India
Choice Hotels India will transition from a direct franchise market to a master franchise model with Suba Group of Hotels. Choice Hotels Asia-Pacific CEO Trent Fraser said: “We’re incredibly excited to work with Suba Group of Hotels as we look to the next 15 years of portfolio growth for Choice...
Cross Hotels & Resorts Extends Its Reach To Idyllic Lombok
Cross Hotels & Resorts has signed a hotel management agreement (HMA) with PT. Origin Resorts Lombok that welcomes Away Lombok Mandalika and Amber Lombok Beach by Cross Collection to its growing portfolio.
Scarborough Harbour Brewery leased investment for sale by JLL
JLL Hotels & Hospitality exclusively offer leased investment for the home of the Scarborough Brewery at 21 Bird O’Passage Scarborough for sale. 1,174sqm dry lease and 579sqm wet lease overlooking the marina and includes a fully operational craft brewery and the exclusive use of 4 marina...
Australian Venue Co acquires The Boundary in West End Brisbane
The Boundary in West End Brisbane sold to Australian Venue Co. Australian Venue Co CEO Paul Waterson said the acquisitions reflect the group’s strong track record of operating venues in Queensland and its confidence in the Sunshine State’s hospitality outlook.
TFE Hotels announces new collection property for Sydney’s Surry Hills
TFE Hotels will open a new Collection property – the first for the brand in Sydney - complete with rooftop infinity pool with sweeping city views, in the heart of Surry Hill’s boutique dining and shopping precinct in early 2024.
