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Landmark WA hotel Hyatt Regency Perth is set to close its doors next month after 36 years in operation with its Singapore-based owner Tuan Sing Holdings Limited seeking to embark on a new hospitality direction.
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.
Gordon and Rasha represent the best in their fields, and I look forward to working closely with them to define the next chapter for this iconic brand, she said.
Firstly, the headwinds faced by the commercial realestate industry attracted substantial attention. Inbound capital is originating in the Asia region but is also coming from Middle Eastern and European owner-operators and HWNI/corporate buyers looking at strategic investment opportunities.
Three notable figures in the Australian hospitality landscape have joined forces to propel the independent management model for hotel operations in Australia and New Zealand. The company also provides access to operational systems, training and team development.
For the first time this year, to close Day 1, delegates will have the opportunity to mingle with the bosses at intimate sessions throughout the Adelaide Oval. Informal Q&A sessions with CEOs over drinks will peel back the curtain to find out a bit more about the person behind the big job title and the journey that got them there.
“I am proud of the strong position that IHG is in today, thanks to the investments we have made to transform every aspect of our business, deliver for our guests and owners, and grow and operate our brands in the right way around the world.” Oppenheimer said the appointment is the result of a rigorous selection process.
Sofitel Sydney Wentworth Lobby Lounge KKR started the Asia realestate business over 10 years ago, and this was also our first hotel investment in the region,” he said. “At Now, it’s your turn to create new memories.” KKR Managing Director, Colin Zhou, reflected on the company’s journey with the Sydney hotel.
Sofitel Sydney Wentworth Lobby Lounge KKR started the Asia realestate business over 10 years ago, and this was also our first hotel investment in the region,” he said. “At Now, it’s your turn to create new memories.” KKR Managing Director, Colin Zhou, reflected on the company’s journey with the Sydney hotel.
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