Hotel news, industry deals and market insights.

Singapore group to build Sydney’s tallest hotel
Singapore-based SC Capital has unveiled plans for a $700 million mixed-use hotel and office tower in the heart of Sydney for which it will seek investors later this year.
iProsperity muscles into race for Hyde Park hotel
Fund manager and investor Michael Gu’s iProsperity Group is one of three parties jockeying for the hotel component of a more than $1 billion 50-level apartment and hotel development fronting Sydney’s Hyde Park.
Crown dealt blow as Melbourne skyscraper permit scrapped
Plans by the James Packer-backed casino giant Crown Resorts and the private Schiavello Group to build the $2 billion One Queensbridge hotel and apartment complex at Melbourne’s Southbank have been put in limbo after the Victorian government refused to extend the development permit.
Randwick’s ‘The Dog’ on the block for $30m
Sydney’s hot pub market is about to be tested once again with the high-profile Duke of Gloucester Hotel in the city’s eastern suburbs on the block for $30 million.
French giant buys Sydney Olympic Park hotels
French giant AXA Investment Managers-Real Assets has forged into the local hotel market, buying a four-strong portfolio in Sydney and Canberra for $330.4 million.
Historic Stawell hotel a music lover’s dream
Stawell’s historic Diamond House is up for grabs, with its chef owner hoping it’ll strike a chord with music fans, or get a running start from history-buff buyers.
Ned Kelly’s Beechworth fist fight site for sale
A Beechworth property where Ned Kelly once bare-knuckle boxed has hit the market.
Melbourne CBD hotel, apartment project dumped
Golden Age and partner Starwood Capital have dumped plans for a $600 million apartment and hotel complex on Melbourne’s Spring St and are selling the site to Proprium Capital Partners Australia in a $114 million deal.
Operator wanted for Geelong’s 4.5-star Ritz apartment hotel
The management rights to operate the 4.5-star-apartment hotel in the tower to rise above Geelong’s Ritz Flats is on the market.
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