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Global realestate investors are increasingly gravitating to the hotels sector evidenced by near historic levels of first-time capital invested in 2024, said JLL Hotels & Hospitality Group Global Head of Hotels Research, Zach Demuth.
Marriott International has signed a deal to acquire lifestyle accommodation brand CitizenM for US$355 million. We will continue to own our realestate and operate all our hotels. This relationship will allow us to work together to maximize returns.
Helios Hospitality Management launches with operations in Thailand and Portugal, having secured its first investment, and plans to expand its portfolio to 1,000 rooms under management within the coming year, with eyes on Central and South America, Southeast Asia and Australia.
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DCOH, formerly the Halikos Group, is a family-run business and one of the region’s largest privately-owned construction, realestate and hospitality providers. Its expertise extends to hotel accommodation with vibrant food and beverage outlets and gaming venues.
The Radisson Red brand is an ideal brand that diversifies our realestate portfolio, with a strong commercial and operational value proposition with a distinct design concept that helps guests immerse themselves into Queen Street’s thriving arts district,” Chow said.
The sale, which was negotiated by Colliers, McVay RealEstate and JLL, is subject to the buyer obtaining approval to the transfer of the liquor licence from the Queensland Office of Liquor and Gaming Regulation. Sam McVay from McVay RealEstate described the hotel as “an irreplaceable asset”. “[The With a land area of 3.45
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