Hotel

Set in the heritage-listed Equity Chambers site, Melbourne’s new Hilton isn’t just breathing life into the 1931 digs, it’s also an example of a venue using hospitality to attract people into the city.

The iconic Marritz Hotel and Salzburg Apartments at Perisher Valley have come up for sale, offering buyers a rather unusual real estate opportunity.

Big investors are snapping up hotels in the midst of the pandemic, with Salter Brothers teaming up with Singaporean sovereign fund GIC to buy the Travelodge portfolio for $620 million in a sign that buyers are looking through the worst of lockdowns.

About $400 million worth of Australian hotels sold during the first half of this year, well down on the nearly $2 billion in sales typically achieved each year. The big four banks have scaled back their lending on hotels, while vendors are also concerned that Australia’s slow COVID-19 vaccination rollout will drive traditional foreign investors away from our once lucrative hotel investment market.

The founders of Byron Bay’s The Farm have offloaded The Beach House East Ballina but the buyer and sale price remains under wraps.

The owner of the Rumbalara retreat on the Gold Coast Hinterland is selling up after more than 30 years.

A huge property on the outskirts of the CBD, which is currently operating as a motel, is being offered to prospective buyers with the option of tapping into a lucrative development opportunity.

After making a splash on Instagram, a chic boutique hotel on the Sunshine Coast is on the market as a “high-profit” investment opportunity.

Prior to the COVID-19 pandemic Australia’s tourism sector had been growing, but the pandemic border closures have had a huge impact on the hotels being built in this sector. Many of these developments have been deferred and with no end on sight to border issues, developers are now looking to turn distressed hotel assets into apartment blocks.