Hospitality News & Trends

NSW motoring organisation the NRMA is defying the tourism downturn with the $130 million acquisition of several high-profile Tasmanian resorts, including Frey­cinet Lodge and Cradle Mountain Hotel.

US private equity major Blackstone is one of the world’s top property investors, which provides a key insight into the motivation of its proposed swoop on Crown Resorts.

Once seen as the poorer, working-class cousin to Melbourne, Geelong is now a serious player in the commercial real estate space, with a “very real” gentrification changing the face of the city.

The billionaire is set to spend $100m redeveloping his Coolum Resort on Queensland’s Sunshine Coast after it fell into disrepair a decade ago.

An Adelaide-based pub investment fund will tap investors for up to $20 million in additional capital after agreeing to take over three pubs in South Australia.

The site of a heritage-listed North Queensland pub that was destroyed by fire in 2018 has been relisted for sale, and even the agent admits his own memories of the pub often “ended in hangovers”.

Melbourne’s famed Blackman Hotel site is awaiting a new operator after shutting its doors last year.

A Centrelink office, waterfront pub and neighbouring oceanfront homes that may make way for apartments are among a diverse range of commercial properties featuring in this week’s most popular realcommercial.com.au listings.

Along with a reportedly increasing number of city-weary Australians, it seems commercial property investors are also eyeing a “move to the country” in 2021. Add historically low interest rates to the mix and it’s a “perfect recipe for buyers to invest their money,” experts say.