Hotel

Hotel news, industry deals and market insights.

News
New operator to boost ‘glamping’ at Sydney’s Lane Cove River Tourist Park
Fresh from its acquisition of Darwin’s casino operations, US hospitality giant Delaware North is continuing its aggressive drive into Australia’s tourism industry, buying the rights to operate and develop the popular Lane Cove River Tourist Park in Sydney.
News
Accor signs on for new Rouse Hill hotel
Lewis Land Group has struck a deal with French hotelier group Accor to manage a new 78-room mid-scale hotel at Rouse Hill, about 45km from the Sydney CBD.
News
Manly’s Hotel Steyne could go ‘cheap’
The high-profile owners of Manly’s Steyne Hotel are fielding several offers from local buyers, with the highest bids coming in at above $60 million, well short of the $90 million initially expected by co-owner John Singleton.
News
Singapore trust pays $60m for Sydney Airport’s Felix Hotel
A Singapore real estate investment trust has forked out $60.6 million buying the Felix by 8Hotels near Sydney Airport, with plans to rebrand the 150-room property as the Citadines Connect Sydney Airport.
Investing
Depreciation on commercial property – how does it work?
Often providing annual savings that run into the tens of thousands, commercial property depreciation deductions are too good to miss.
News
New name, new face for Sydney’s Novotel Norwest
The Novotel Norwest in Sydney’s outer northern suburbs is to be upgraded and rebranded the Rydges Norwest Sydney from April 2.
News
Race in two for $1bn Hyde Park hotel development
US investment house Starwood Capital has bowed out of the race for a $1 billion 50-level apartment and hotel development fronting Sydney’s Hyde Park after deciding it was too expensive.
News
Perth’s DoubleTree hotel sale tipped to eclipse $100m
Perth’s newest four-star hotel, DoubleTree by Hilton Perth-Northbridge, has been listed for sale by Malaysian-based developer SKS Group, with offers of about $100 million expected.
News
Six Adelaide pubs on block with $70m price tag
The Blue Sky-backed GM Hotel Group in Adelaide has hit the block and is tipped to sell for more than $70 million as buyers circle the portfolio.
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