Hotels

Australia’s hotel market proves leaner and stronger as it undergoes luxury green facelift

With the opening of around 3,420 rooms in 10 major markets throughout 2022, new hotel supply represented a moderation from the more than 5,000 rooms which opened in 2021, enabling hoteliers to respond dynamically to changes in tourism demand and spending and market conditions, according to Karen Wales, Colliers’ Asia Pacific Director of Hotels.

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Window of opportunity: The current hotel investment market

While deal flow for H1 2022 totalled $1.15 billion worth of assets traded – an uptick from $1 billion worth of transactions in H1 2021, the buoyant Australian hotels’ investment activity of Q1 2022 slowed through Q2 as the market recalibrated against a changed economic backdrop, presenting a window of opportunity for new investors

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Darlinghurst Hotel Sold for $22.5 million

The 151-year-old Lord Roberts Hotel in Darlinghurst has been sold for $22.5 million in a deal brokered by leading agency Savills following an Expressions of Interest campaign.

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Hotel investment appetite strong despite short-term tourism outlook

Nearly 90% of hotel-industry participants in Australia and New Zealand are looking to maintain or increase their exposure to the sector, despite a consensus that per-room revenue in some major cities could take three-to-five years to recover to pre-pandemic levels.

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Hilton Hotel Sold for $530m

The pandemic may have slowed tourism in Australia, however Baring Private Equity believes now is the time to jump in, acquiring Sydney's Hilton Hotel for $530m.

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