Hotel

Hotel news, industry deals and market insights.

News
Sydney celebrity hotel on market for $140m
The luxury InterContinental Hotel in Sydney’s glitzy Double Bay, a property best known for its association with the late INXS rocker Michael Hutchence, is poised to be sold by its Singaporean owners to a Chinese multinational for about $140 million.
News
Boutique hotels the smart play: developer
Fresh from a six-year stint running the local development arm of US hotel giant Marriott International, lawyer Andrew Taylor is turning his attention to boutique hotels, saying they are better earners than the big cookie-cutter ­models.
News
Hotel giant Peninsula Hotels eyes Sydney Harbour sites
Sydney and Melbourne are on the radar of one of the world’s most prestigious hospitality companies, Peninsula Hotels, but it is a question of finding a suitable site. Peninsula Hotels managing director and chief executive …
News
Marriott to open a hotel every 14 hours
Marriott International’s president and chief executive Arne Sorenson is equally ‘‘excited and terrified’’ given the hotel chain plans to open one hotel every 14 hours for the next three years. This article originally appeared on theaustralian.com.au/property.
News
Coolibah Hotel reaps $40m as pub binge continues
The pub market is continuing to run hot with veteran publican Peter Vlandis selling the Coolibah Hotel at Merrylands in Sydney’s west for about $40 million. This article originally appeared on theaustralian.com.au/property.
News
Price not cheap for for Sydney beach hostel
A Collaroy youth hostel that won best budget accommodation in the state is for sale as part of a large development site.
News
Zagame group to sell Vanuatu casino resort
Australian hoteliers and hospitality group Zagame Corporation is selling Vanuatu’s Grand Hotel and Casino amid heated investor interest in resort-style accommodation.
News
Byron Bay’s Beach Hotel price cut to $75m
The owner of one of Australia’s most iconic pubs, The Beach Hotel overlooking Byron Bay’s Main Beach, appears to have dropped his ambitious asking price to about $75 million. This article originally appeared on the australian.com.au/property.
News
Huge interest in Hobart Travelodge
Hobart’s Travelodge hotel is expected to fetch more than $20m when it is sold in May.
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