A strategic and diversified calendar of citywide events play a crucial role in driving hotel demand in Australia’s hotel markets, new CBRE research shows.
Oaks Darwin Elan Hotel hits the market
Oaks Darwin Elan Hotel, Darwin’s leading serviced apartment hotel, has been listed for sale by Minor Hotels.
CBRE targets Hotel Management Rights sector with new hires
CBRE has appointed Brett McCracken to lead its Management Rights Hotel Valuation & Advisory Services team.
Higher interest rates put the brakes on commercial property transaction activity
The office sector has reclaimed its status as Australia’s most traded commercial property asset class as higher interest rates put a brake on overall transaction activity in 2022.
Mandurah Waterfront Hotel hits the market
CEL Australia has listed Mandurah Waterfront Hotel for sale as Western Australia reopens to the world post the pandemic.
High Street Holdings adds third Australian hotel to its portfolio
High Street Holdings (HSH) has added another Australian hotel to its global portfolio with the purchase of Peppers Kings Square in Perth.
US hotel industry forecast adjusted in response to winter and vaccines
Projections of U.S. lodging industry recovery beginning in earnest during the second half of next year, according to CBRE’s latest hotel forecast.
CBRE projects U.S. lodging sector recovery path
After facing the lowest occupancy levels since the 1930s and the greatest declines in revenues and profits ever experienced in the second quarter, the U.S. hotel industry is poised to begin a multiyear recovery in the third quarter.
Hotel investors still on the lookout amid COVID-19
The Australian hotel industry remains cautiously optimistic about medium-term investor appetite amid the COVID-19 pandemic, according to CBRE Research’s latest Hotel Market Survey.
Luxury travelers fuelling hotel developments
High-end offerings account for nearly half of the hotels set to be built in major Australian cities over the next five years, as the industry looks to capitalise on luxury travel.
