Tourism commercial property

An increased focus on our mental and physical health and the planet is pushing more Australians to prioritise wellness tourism, while the sustainability of the sector is piquing interest from investors.

The ambitious plans of fund manager Salter Brothers to acquire Spicers Retreats from multi-millionaire travel entrepreneurs Graham and Jude Turner appear to have collapsed.

A key regional location is set to finally get its first hotel in over a decade, as tourism booms.

Gold Coast Council has approved plans for wellness resort Eco View Retreat in southeast Queensland’s Tallebudgera Valley, which owner Tony De Leede hopes will help companies to impress and retain good staff.

Big hotels are changing hands with two Queensland sites about to sell while an inner Sydney hotel is also close, as a tourism recovery beckons.

One of the biggest inbound markets has faded but they will be back, leading one Sydney hotelier to predict ‘good times’.

The Bayswater Sydney boutique hotel in Potts Point is for sale with a $20m guide and it’s a chance for a savvy buyer to tap into a ‘gap in the market’.

With a prestigious New York brand and unmatched views of Sydney Harbour, the Waldorf Astoria Sydney will overtake the Park Hyatt as Australia’s most expensive hotel.

The $4.8bn management rights industry is coming into its own in the wake of the pandemic.