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JLL projecting 25 per cent jump in global hotel investment volume

Hotel Management

Global real estate 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.

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‘Sydney’s biggest hotel sale this year’: Skye Suites nabs top price – HTL, Stonebridge report

Hotel Management

The “hotly contested sale process”, managed by agents Stonebridge Property Group and HTL Property, saw in excess of 300 enquiries, and over 20 formal offers received at the close of first round bids.

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Exclusive: Fiji’s hotel outlook is bright, JLL reports

Hotel Management

Fiji’s hotel market has shown consistent growth and forward bookings indicated continued strength, writes Nick Thompson, Senior Vice President, Hotels and Hospitality. Fiji’s hotel market demonstrates consistent growth as demand exceeds supply, with robust forward bookings indicating continued strength. The sector generated $2.5

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Exclusive: hospitality trio unite to form white-label management group

Hotel Management

Seasoned hospitality executives Gadi Hassin, Lisa Zakharka and May Pendraat Kredner have joined forces to introduce a global hospitality management company specialising in experiential lifestyle hotels and hostels for todays digital nomads.

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Marriott International to acquire CitizenM for US$355 million

Hotel Management

We are thrilled to add CitizenM as a unique, differentiated offering to our select-service brand portfolio as we continue to strengthen Marriott’s foothold in this valuable market segment around the world. We will continue to own our real estate and operate all our hotels.

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Hotel transaction volumes up 56% with foreign investors driving activity, JLL reports

Hotel Management

This marks a decisive shift in market momentum, as international investors are once again recognising Australia’s appeal as a stable and transparent investment destination. “In JLL Managing Director and Head of Investment Sales for Hotels Australasia, Peter Harper, said Australia is now perceived as a safer market for investment.

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Kimberly Rowell named Five Star Hospitality EVP

Hotel Business

Five Star Group , a private commercial real estate investment, development and management firm focused on Southeastern hospitality projects, has appointed Kimberly Rowell as EVP of Five Star Hospitality Management. Prior to that, he was asset manager for 33 Degrees, a commercial real estate management firm.