This Month
NRMA snaps up Yamba holiday park for more than $40m
The association will add the Blue Dolphin Holiday Resort in Yamba to a tourism portfolio that includes Cradle Mountain Hotel and Freycinet Lodge in Tasmania
- Larry Schlesinger
Loyalty program a huge driver of occupancy at Marriott hotels
More than one in two hotel rooms booked in Australia come through Marriott’s loyalty program, says Asia Pacific boss Raj Menon.
- Larry Schlesinger
Developers bet on long-term tourism boom with new hotels
Developers have struck agreements with IHG, Hilton and Accor to operate new hotels in Brisbane, Townsville and Launceston as occupancy rates rise.
- Larry Schlesinger
- Exclusive
- Hotels
New Pullman to breathe life into Launceston’s ‘old’ hotel scene
The 139-room hotel will form part of the repurposing of the 1930s TAFE building overlooking Launceston by developer Red Panda.
- Larry Schlesinger
April
Victor Island in the Whitsundays sold at 31pc discount to last sale
The 3.14ha island near Mackay was bought for $3.65m by Sydney-based Kingdom Developments, but sold for just $2.51m despite competition from 15 bidders.
- Larry Schlesinger
- Exclusive
- Hotels
Mantra border hotel set to deliver a 15pc yield to wealthy investors
Investors in the fund that bought the Albury CBD hotel include Gabriel Jakob’s family office Hyper Capital and Malcolm Beville’s Willow FM.
- Larry Schlesinger
Singapore’s $192,000-a-month retreats are latest luxury for new mums
High-end post-birth care centres are booming, especially in Singapore where the super-rich from mainland China have been flocking.
- Yoojung Lee and David Ramli
Melbourne fund manager buys Darling Harbour hotel for $55m
Shakespeare Property Group, part of fund manager Prime Value, has snapped up the 90-room heritage-listed Woolstore 1888 hotel in Sydney.
- Larry Schlesinger
- Exclusive
- Hotels
Gold Coast chicken farmers spend $45m on Brisbane hotel
The Singh family has bought the 179-room former Pacific Hotel in Spring Hill and converted it to a Mercure hotel to be operated by Accor.
- Larry Schlesinger
Budget-conscious holidaymakers drive big rise in caravan park revenue
New figures from accountants and adviser BDO show a 12 per cent rise in the average revenue of holiday and caravan parks this summer.
- Larry Schlesinger
Caravan park near Byron Bay sold for record $50m-plus
The price paid for the North Star Holiday Resort near Hastings Point on the NSW Tweed Coast is a record for a caravan and holiday park.
- Larry Schlesinger
March
- Exclusive
- Hotels
Dubai billionaire brings luxury hotel brand to Canberra in $200m deal
Ghassan Aboud will open the first Crystalbrook Collection hotel in Canberra in 2027 and is keen to take the Aussie-grown luxury brand overseas.
- Larry Schlesinger
Sydney’s hipster Ace Hotel on the market for $300m
The hotel, developed by Melbourne’s Golden Age Group, opened its doors in May 2022, and this is the first major short-stay accommodation offering of the year
- Larry Schlesinger
February
$500m raising to turn unloved hotels, offices into rental housing
Fund manager and hotel developer Pro-Invest Group is in the midst of an equity raising to fund the development of 10 co-living apartment towers with 2000 units.
- Larry Schlesinger
It’s too expensive to build ski lodges in Japan’s powder paradise
Prospects for developers to generate large profits at famed Japanese ski destination Niseko are dwindling as speculation from foreign investors sends land prices soaring.
- Lisa Du
Syrian billionaire ‘very keen’ on Melbourne CBD hotel opportunity
Melbourne is the “missing piece” in Dubai-based billionaire Ghassan Aboud Crystalbrook Collection hotel group, which owns and operates a $1bn portfolio.
- Larry Schlesinger
MA Financial snaps up Sheraton in Melbourne’s Docklands for hotel fund
The Four Points by Sheraton Melbourne Docklands, which MA Financial will rebrand as a Vibe hotel, is the seed asset for a $1 billion accommodation fund.
- Larry Schlesinger
January
Seven luxury hotel openings to look forward to in 2024
Hotels opening their doors in 2024 include the 1 Hotel Melbourne on the Yarra, The Star Grand at Brisbane’s Queen’s Wharf and Adelaide’s first Marriott.
- Larry Schlesinger
December 2023
Fraser Short’s former hospitality business in administration
The Sydney Collective, which operated Frasers Short’s once booming hospitality empire of pubs and restaurants, owes creditors almost $6 million.
- Larry Schlesinger
- Exclusive
- Hotels
Schools out: fund managers snap up Aussie Bush Camps in $60m deal
MA Financial, Pengana Capital and FinCap are targeting returns of more than 15 per cent from a new school camps real estate fund seeded with three big assets.
- Larry Schlesinger