CapitaLand Ascott Trust (CLAS) is divesting two Sydney hotels for $109 million amid continued strong investor activity in the Australian hotel sector.
Preliminary July data for Sydney hotels
According to preliminary data from STR, Sydney’s hotel occupancy declined 7% to 80.5% in July. ADR dropped 6.9% to 194.05 Australian dollars ($141.84) and RevPAR decreased 13.4% to AU$156.12 ($114.12). @STR_Data
