Cairns Commercial Property News

Cairns and north Queensland hotels posted the highest growth in average room rates at nearly 9% last year, but occupancies dwindled in Perth, slumping 4.6%.

The Trevor family has made the bittersweet decision to sell their slice of Gordonvale’s unique built environment history.

Nine retail outlets leased to bulky goods chain The Good Guys have been sold for $92 million, in a series of deal spanning four states and involving multiple buyers.

Considering buying a hotel in tropical north Queensland? Why not make it two?

American cruise companies are looking to buy private ­islands off Queensland’s coast to offer passengers exclusive destinations and further control passenger spending. This article originally appeared on theaustralian.com.au/property.

Dubai-based Syrian billionaire Ghassan Aboud is planning a third $100 million Cairns hotel development, snapping up the Bellview Motel and Backpackers and an office block. This article originally appeared on theaustralian.com.au/property.

Queensland’s hotel and pub sector continues to bubble along, with two of the states most prominent historic hotels placed on the market.

The cavalcade of Queensland island real estate offerings continues, after Fitzroy Island Resort, off the coast of Cairns, was officially placed on the market.

Malaysian investment giant Mulpha International has struck its first local hotel acquisition in years, buying The Rydges Esplanade Cairns hotel in a $41 million deal. This article originally appeared on theaustralian.com.au/property.