Novotel Melbourne

French giant buys Sydney Olympic Park hotels
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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.
Port Macquarie Bunnings in huge $44m sale
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Port Macquarie Bunnings in huge $44m sale
Two regional sales have been struck in NSW and Queensland, with property fund manager MPG Funds Management buying a Bunnings for $44.65 million and Shakespeare Property buying a Sunshine Coast resort and land parcel for about $100 million. 
Melbourne group snaps up Novotel Twin Waters
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Melbourne group snaps up Novotel Twin Waters
Melbourne-based Shakespeare Property Group has swooped on the Novotel Twin Waters Resort on Queensland’s Sunshine Coast for about $100 million.
Hotel building boom takes bite out of Melbourne room rates
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Hotel building boom takes bite out of Melbourne room rates
Room rates in Melbourne’s aggressively expanding hotel market have declined over the past two months due to the increase in hotel stock and the high quality of Airbnb stock located near the CBD.
Chinese group iProsperity snatches Century City Walk
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Chinese group iProsperity snatches Century City Walk
Chinese-backed investment firm iProsperity Group has pushed further into the Australian market, swooping on a shopping centre in suburban Melbourne in a deal worth $45 million. This article originally appeared on theaustralian.com.au/property.
Frasers pays $237m for Novotel Melbourne on Collins
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Frasers pays $237m for Novotel Melbourne on Collins
The Singapore-listed Frasers Hospitality Trust has forged into the Melbourne hotel market with the purchase of the Novotel Melbourne on Collins from US giant LaSalle Investment Management. This article originally appeared on theaustralian.com.au/property.
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