Hotel

Hospitality players are circling the only venue atop Arthurs Seat — “with the most incredible views of anywhere along the entire Mornington Peninsula”.

The double-storey Backpackers in Paradise hostel will go under the hammer after more than 35 years, with any future development having no height restriction.

Theresa Albioli and Tony De Marco are no strangers to transforming heritage homes in the Daylesford region and their most recent project, Hotel Bellinzona, has been the couple’s greatest challenge to date. 

With a swing in one bedroom and a spa in another, buyers have the chance to snap up a once popular swingers club and convert it into a dream home or development.

If you’re travelling through regional Australia and it seems like there’s a craft brewery around every corner, you’re about right. And it’s country and coastal towns, not the cities, that have attracted most of the business. Today, of the 650 independent craft breweries nationally, two-thirds are located in the regions.

Potential investors could play their part in growing the number of beds in Geelong’s accommodation sector with a landmark Corio hotel.

Colorado-based tourism investor KSL Capital has fought off a slew of equity firms to buy the Four Points by Sheraton, Sydney at Central Park from private ­hotelier Jerry Schwartz in one of the year’s largest hotel deals.

Bruce Drayton and Simon Marsh have sold their Potts Point backpackers to a developer for a mammoth figure — and they’ve already got their eye on their next purchase.

A coterie of cashed-up Sydney property investors including Phil Wolanski and David Baffsky are cashing in on the looming start of the travel upsurge, listing The Rydges Sydney Airport Hotel for sale in what could shape as the year’s single biggest transaction. About $270m is expected for the 318-room hotel, which is being sold as a vacant possession by CBRE Hotels’ Wayne Bunz and JLL’s Mark Durran.