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.
New AHLA study takes aim at Airbnb “myth” and “illegal hotels”
The American HotelÊandÊLodging Association has released a new report that examines the rise of commercial activity taking place on Airbnb nationwide, and the study reveals that AirbnbÕs business is moving even further away from true home sharing.
Asian buyers check in to Australian hotel sector with deals totaling $8.2bn
New CBRE Hotels’ research shows that domestic purchasers spent just $3.2 billion on Australian hotel property over the same period – well under half of what was invested by their Asian counterparts.
Chinese buyers increase their share of Australian hotel transactions
Chinese investors have upped the ante in the Australian hotel sector, accounting for 42% of the $1.7 billion in hotel sales year-to-date according to new research from CBRE.