Hotel

A former outback pub in Queensland has been picked to fly the flag for Australia at a major exhibition celebrating the world’s best architecture. 

A local investor has splashed a big sum on Wodonga’s iconic Blazing Stump Hotel. 

The Shanghai-based owners of Queensland’s Daydream Island Resort and Spa have been forced to double the renovation costs of their beleaguered resort to $100 million, following substantial damage caused by Tropical Cyclone Debbie last year.

If this groundbreaking hotel above the Arctic Circle ends up being built, it’ll be a world first.

Two of the world’s largest property investors, Connecticut-based Starwood Capital Group and New York-headquartered private equity firm Blackstone, are among the major bidders vying for a Melbourne hotel positioned between the Melbourne Cricket Ground and the CBD in a $200 million deal.

Pub investor the listed HPI group has made its first accommodation purchase, buying the Quest Apartment Hotel in Griffith, in the heart of NSW’s Riverina. 

One of Australia’s most picturesque oceanside resorts has floated onto the market, with Airlie Beach’s Coral Sea Resort chasing a new owner.

An expected strong net rental yield is enticing investors to Geelong’s first upscale 4.5-star accommodation to be built at the neglected Ritz site.

Padstow Park Hotel in Sydney’s southwest has sold for almost twice what investment firm White & Partners paid for it less than four years ago.