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The sale, for an undisclosed amount, follows an exclusive off-market, invitation-only campaign. The airport hotel represents Star Group’s second hospitality investment on the Gold Coast and adds to its expanding portfolio, which includes 50 licensed venues, over 115 retail liquor outlets, and six accommodation venues across Queensland.
As we consider the transaction market in 2025, we expect to see a re-emergence of two key contributors to overall volume, portfolio transactions and urban full-service hotel sales, he said. This shift is driving expansion into branded residences and alternative accommodations as hotels capitalize on the growing Experience Economy.
Recent surveys highlight 47% of planners prioritize venues that can accommodate adjustments when selecting a venue. Explore the Latest Trends in Hotel Sales Interested in exploring the latest trends and strategies in hotel sales and event management , based upon insights from industry experts?
A 23% decline in domestic room nights sold was offset by a 20% surge in sales to international guests, notably those arriving from Australia and the United States, reflecting a marked shift to a higher-yielding visitor mix. The month also benefitted from higher yielding group business and the presence of film crews.
The sale, which was negotiated by CBRE Hotels’ Wayne Bunz and Hayley Manvell, drew the interest of owner operators, hotel investment funds and high net worth individuals, according to CBRE. The hotel was recently refurbished, offers future operational and branding flexibility and was a strong yielding investment opportunity.”
More than 120 hoteliers from New South Wales hotels were in attendance for the recent Accommodation Australia NSW Hotel Market and Economic Outlook Update at Hilton Sydney.
From F&B and wellness to unique experiences and retail, discover four key strategies to maximise earnings beyond room sales. Income creatively generated from unique products and services can provide a significant supplement to traditional room sales – without the big price tag of infrastructure investment.
The sale, which The Star announced to the ASX on Monday evening, represents a multiple of 21 times the 2023 calendar year EBITDA and about $650,000 per key – reportedly the highest rate per key achieved for a non-boutique hotel outside Australia’s capital cities. With a land area of 3.45 Settlement is due to occur in Q2 this year.
CBRE Hotels’ Wayne Bunz and Hayley Manvell negotiated the sale on behalf of the Perth-based Pacific Hotels Group following a “discreet” off-market expression-of-interest process. This delivers another result for our client, Pacific Hotels, following the sales of the Pacific Hotel Brisbane and Coral Cay Mackay.
Ascott appoints GM Sales and Distribution Ascott Australia welcomes Jennifer Warn to the Senior Leadership Team following her promotion to General Manager Sales and Distribution. Warn, who joined Quest in 2018 as Director of Sales, was promoted to Group Head of Corporate Sales in January 2021.
The acquisition, brokered by specialist accommodation property agency ResortBrokers on behalf of owners Peter and Irena Cushen, includes City Edge’s active franchise agreements, the brand, and associated IP. Choice Hotels Asia-Pac’s Chief Executive Officer, Trent Fraser, said the deal will deliver benefits for guests and incoming franchisees.
Close to 1000 industry leaders are set to gather at Sydney’s International Convention Centre this evening to celebrate the brightest stars of the hotel industry at the 22 nd annual HM Awards for Hotel and Accommodation Excellence, sponsored by Sealy Posturepedic. See NZ-Pacific winners awarded in Auckland here.
Edit is for the savvy traveller from families looking for value, business travellers needing seamless connectivity, or travel hackers who know how to make the most of every trip, said Director of Sales and Marketing, Lisa Breckon. We designed Edit Hotels & Resorts to be affordable without ever feeling cheap.
From operations, commercial, and sales to food and beverage, her depth and breadth of experience is very well suited for this role. A respected voice in the industry, Harwood was elected the first president of peak industry body Accommodation Australia in 2021.
This very recent tourism-related asset sale windfall could have been the catalyst to unblock event attraction funding, but councillors decided to go in a different direction. The hotel sector is not against the idea of a new accommodation levy, provided it is done once and done right for all New Zealand.
Change brings a wealth of experience in distribution, sales and marketing with prominent names in the hospitality sector, while Botstrong’s experience in hospitality operations spans a range of well known hotel chains. We have had great feedback since rebranding the hotel.
JLL Hotels and Hospitality Associate – Investment Sales, Taylor O’Brien, spoke to HM about finding her feet in the hotel industry, inspiring leaders, and the importance of technology in the future of hotels. After almost four years, I transitioned to the Hotel Investment Sales team at JLL towards the end of 2021.
“With a high reputation for quality service and unrivalled hospitality across its F&B spaces my initial goal is to further raise these high standards already synonymous with Hilton Sydney, while exploring avenues for further improvement in what is an increasingly competitive market for accommodation in the CBD.”
Were starting to build outside of the city centres, Wong said, pointing to its existing partnership with Ovolo hotels in key cities, and regional accommodation in Australia, including Islington Hotel Hobart and Chalets at Blackheath in the Blue Mountains of New South Wales.
The 2025 Asia Hotel Industry Conference and Exhibition (AHICE) South East Asia edition is once more attracting the regions leading owners and investors as over 500 ready to take the stage, network and hear the headline trends for the accommodation sector at Pan Pacific Singapore on February 24-26. as Principal Partners.
Ovolo Hotels CEO, Dave Baswal, said the sale allows the business to focus on new APAC markets. “We We’re also seeing rapidly growing demand in the boutique and lifestyle accommodation market, and the Woolstore 1888 is well placed to capture this growth.”
She returned to Australia in late 2022 after a 7-year tenure in Macau, as the General Manager Sales and Marketing for Sheraton Grand Macao and The St. Tonetto previously held several senior commercial roles with Starwood Hotels and Resorts and Marriot International across Asia, Australia, and the Pacific region. Regis Macao. “I
Major global hotel leaders had their say at AHICE Aotearoa with powerful one-on-one interviews including Marriott International Chair David S Marriott, Wyndham Hotel Group CEO, Geoff Ballotti, Swiss-Belhotel Hotels and Resorts International Chairman, Gavin Faull, and United Airlines Managing Director of Global Sales Marcel Fuchs.
Sydney’s accommodation offering is critical to Australia’s tourism positioning as it is the single most popular tourist destination in the country.” The post Singapore-based Invictus Developments purchases The Old Clare Hotel in $61.8 million deal appeared first on Hotel Management.
A limited release of just 200 tickets will soon be available for the awards ceremony at Cordis Auckland on sale. For booking enquiries, please contact events@intermedia.com.au Ensure you are subscribed to HM to receive all updates. For all details on the nomination and judging process, to buy tickets or submit an entry, click here.
The company will continue to offer support to guests after a five-night stay by providing deeply discounted rates for those who remain in need of accommodations. Contact the sales office at 213-395-9520. It is also hosting clothing drives at all of its properties across the U.S.,
The New Zealand and Pacific property categories awarded in Auckland on November 1 include the following: Property Awards New Zealand Apartment Hotel New Zealand Regional Property New Zealand Meetings and Conferencing Property New Zealand Boutique Hotel New Zealand Midscale Hotel New Zealand Upscale Hotel New Zealand Luxury Hotel New Zealand Lodge New (..)
Over 120 key industry and media stakeholders were in attendance for the official ribbon cutting and launch event led by Melbourne Airport CEO Lorie Argus, Accor Pacific Chief Operating Officer, Adrian Williams and Visit Victoria CEO Brendan McClement, with guests invited to explore the hotel’s expansive accommodation and facilities on offer.
New Zealand / Pacific property categories being awarded in Auckland on November 1 include: -New Zealand Apartment Hotel -New Zealand Regional Property -New Zealand Meetings and Conferencing Property -New Zealand Boutique Hotel -New Zealand Midscale Hotel -New Zealand Upscale Hotel -New Zealand Luxury Hotel -New Zealand Lodge -New Zealand Hotel Bar (..)
There is a huge opportunity to apply a 6-star hotel-standard service across not just accommodation but retail, hospitality, clubs and sales, which Tim understands more than most. Kerzner announces leadership appointments Kerzner International has announced two key leadership appointments.
The launch of AHICE in Hawaii follows the success of the recent Asia-Pacific Hotel Industry Conference and Exhibition held in Adelaide, South Australia during May and attended by a record 1,500 delegates, making it the largest accommodation event in Asia-Pacific region.
The Museum Apartment Hotel is a 97-room apartment-style accommodation offering, adjoining QT Wellington. Holiday Inn and Suites Geelong team L-R Ariel Ying-Hsuan Wang, Daniel Payne, Stacey Cameron, Dave Wilson, Migo Razon Stacey Cameron takes up the position of Director of Sales and Marketing.
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