Hotel

Hotel news, industry deals and market insights.

News
Preston’s Bell City complex set to reap $180m
Real estate fund manager Elanor Investors Group is putting Bell City, a landmark hotel, student accommodation and office complex in Melbourne’s northern suburbs, on the block with expectations of more than $180 million. This article originally appeared on theaustralian.com.au/property.
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Byron Bay’s Beach Hotel trades for record-breaking $70m
The Beach Hotel in Byron Bay, developed by Paul Hogan sidekick John Cornell, has sold for an aggressive $70 million to a Melbourne-based private equity firm backed by the wealthy Liberman family. This article originally appeared on theaustralian.com.au/property.
News
Pub dreams a reality in country Victoria
You don’t need $30 million to make your publican dreams come true — there are a handful of options in country Victoria that could quench your thirst.
News
Melbourne’s oldest pub hits the market
Property developer and publisher Morry Schwartz is selling the oldest pub in Melbourne, the Duke of Wellington, and a nine-level ­office tower on the same block with price expectations of about $30 million. This article originally appeared on theaustralian.com.au/property.
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Canberra’s Garema Centre to make way for $100m luxury hotel
Builder Geocon will develop a $100 million deluxe hotel in the heart of Canberra city after snapping up the Garema Centre in Bunda Street. Geocon managing director Nick Georgalis says tourists and business travellers to …
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Allawah Hotel joins Sydney pub sale rush
A private equity group has swooped on the Allawah Hotel in Sydney’s south west, in a sign that the city’s pub boom remains in full swing as banks continue lending to the sector despite tightening up in other areas. This article originally appeared on theaustralian.com.au/property.
News
$20m-plus asking price for Fitzroy’s Tankerville Arms Hotel
The owners of historic Fitzroy pub and gaming venue the Tankerville Arms Hotel hope to reap the benefits of a hot inner-city pub market, after putting a price tag of more than $20 million on …
News
Bidding frenzy sees iconic Abbotsford pub sell for $3.18m
Melbourne’s inner-city pub market remains as hot as ever, with Abbotsford’s Park Hotel the latest watering hole to sell amid intense investor interest. In a keenly-contested auction on Friday the pub, on the corner of Nicholson and …
News
Gold Coast nightclub districts face demolition under twin tower plan
EG Funds says it will deliver twin-tower high-rises and an entertainment district in the heart of the Gold Coast in an attraction uniquely suited to Surfers Paradise. This article originally appeared on theaustralian.com.au/property.
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