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The luxury and select-service sectors will continue to be most favored and liquid in 2025, according to JLL, with urban cities and high barrier-to-entry markets expected to attract the most investor interest.
Marriott International has signed a deal to acquire lifestyle accommodation brand CitizenM for US$355 million. Marriott International President and CEO, Anthony Capuano, said the acquisition will help support the companys growth in the select-service segment globally.
Hilton Brisbane, a landmark hotel in the citys CBD, is set to close its doors at the end of this month after almost 40 years of service. Centrally located above Wintergarden on Queen Street Mall in Brisbane, the luxury hotel has served as a popular accommodation choice for visitors to the city throughout the decades.
The resort will offer 175 thoughtfully designed accommodations. Prioritizing wellness and relaxation, the resort will feature a 3,000-square-foot spa with 10 treatment rooms, a state-of-the-art fitness center, and a bridal suite with a full-service salon.
Over the past year, NABERS has observed the hotel and accommodation industry stepping up to support Australias goal of achieving net zero greenhouse gas emissions by 2050, said NABERS Acting Head of Product Development, Andrew Buchel.
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