Cairns Commercial Property News

The internationally backed hotelier Crystalbrook Collection has made its first foray into Sydney, buying the 35-room Little Albion Guest House in Surry Hills for an aggressive price of about $30 million.

After 40 years in the business, Cairns architect Tim Bentley is pleased the city is finally coming into its own in terms of building design.

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.