Sunshine Coast motel sold on 9.4pc yield
THE Nambour Heights Motel on the Sunshine Coast has sold for $2.14 million on a 9.4% yield. Located at 4 Nambour Mapleton Rd
View ArticleIris Capital offloads Oxford hotel
THE Oxford Hotel has sold for $34 million in the second largest gaming property transaction this year. Owned by the Iris Capital Group,
View ArticleUEM Sunrise sells Melbourne serviced apartment for 120m
ASTUTE Malaysian developer UEM Sunrise Berhad has sold the serviced apartments component of the Aurora Melbourne Central development to Ascendas Hospitality Trust (A-HTRUST)
View ArticleChinese investor check into Melbourne west motel
A MAINLAND Chinese investor has secured a family-run motel at Ardeer in Melbourne’s west. Located at 608 Ballarat Rd Ardeer, the Sunshine Motor
View ArticleAirAsia boss hits high notes with 52m Tune sale
AirAsia’s Tony Fernandes and Singapore’s Plato Capital have sold the Tune Hotels in Melbourne for $51.7 million, a significant premium to the book
View ArticleSunland splashes 26m for beachside hotel
DEVELOPER Sunland Group has bought the Greenmount Resort in Coolangatta on the Gold Coast for $26 million plus GST. Green mount Resort is
View ArticleGA Group makes a booking in Cairns
DUBAI-based GA Group has launched into Australia with the acquisition of the Rydges Tradewinds Cairns in northern Queensland for $34 million. The Rydges
View ArticleSingaporean investor checks into Quest Apartments
A SINGAPORE-based investor has acquired the Quest Apartments complex at Mawson Lakes in Adelaide’s north for $18 million on a yield of 8%.
View ArticleDiploma offloads Perth Quest apartments
DIPLOMA Group has formally entered into a heads of terms to sell its Quest Adelaide Terrace Apartment hotel. The project is currently under
View ArticleChinese hotel group checks into Wisemans Ferry
A SHANGHAI-based Chinese hotel group has purchased the Retreat at Wisemans resort in the Wisemans Ferry township, north of Sydney, for nearly $10
View ArticleLauder and Ascot check into Canberra hotel
A JOINT venture between Stephen Lauder’s Facilimate and Ascot Capital have acquired the Clifton Suites on Northbourne, Canberra for $65 million. JLL Hotels
View ArticleGreenwich guesthouse sells in a flash
A LOCAL investor has quickly snapped up the Shore Inn Guesthouse in Sydney’s lower north shore, four days after it was put on
View ArticleSingaporean hotelier almost doubles repo investment
SINGAPORE’S Hotel Grand Central (HGC) has sold the Hotel Grand Chancellor Surfers Paradise for $80 million after buying the repossessed property only six
View ArticleMirvac offloads Como and strengthens ties with Ping An
MIRVAC has entered into a second joint venture with Chinese financial services giant Ping An, as well as divested two assets for $304.6
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Singaporean investor checks into Quest Apartments
A SINGAPORE-based investor has acquired the Quest Apartments complex at Mawson Lakes in Adelaide’s north for $18 million on a yield of 8%.
View ArticleEscarpment Group ventures into Hunter Valley
HOSPITALITY operator Escarpment Group has made its first foray outside of the Blue Mountains, acquiring a former convent in the Hunter Valley. Built in
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Tune Hotels marches back into Melbourne
AIRASIA boss Tony Fernandes’ Tune Hotels has returned to Melbourne, purchasing a 1,741sqm parcel of land stretching between Flinders Lane and Flinders St
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Shellharbour Village Motel sold on 12pc yield
THE Shellharbour Village Motel in Illawarra has sold under the hammer for $4.4 million on a 12.2% yield. The 1,537 site comprises the
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Mercure Parramatta nets $40 million
THE Mercure Parramatta hotel has been purchased by a private Asian investor for $40 million. The 4-star, 165-room hotel is located at 106
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Singaporean group snaps up Club Crocodile
SINGAPOREAN group Well Smart Investment Holdings has snapped up the Club Crocodile Resort in Airlie Beach, on Queensland’s Whitsunday coast. The deal was
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