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Three more big sales

Three landmark Melbourne pubs leased to the 75% Woolworths-owned Australian Leisure & Hospitality Group (ALH) were today sold under the hammer.

NLG call double down

Hotel operator National Leisure and Gaming (NLG) has sold the leasehold interests in two Queensland assets for a combined total of $12.5 million.

Townsville CBD heats up

In the current economic climate, Townsville property investors are favouring real estate in CBD locations ahead of holiday destinations, according to local agency Ferry Property.

Hotels under the hammer

Two landmark Sydney pubs leased to the 75% Woolworths-owned Australian Leisure & Hospitality Group were today sold under the hammer by CB Richard Ellis and Burgess Rawson

Commercial sale of Commercial Hotel

The Commercial Hotel in Coonamble, New South Wales, has been sold at auction by Manenti, Quinlan & Associates.

Ray White auction exceeds $8 million

The auction attracted over 50 registered bidders and resulted in five properties selling, including one prior to auction, and over $8 million changing hands.

Ray White Surfers Paradise has auctioned 20 properties, including retail and showroom space, industrial warehouses and hotels.

Oaks negotiates to sell four buildings

The properties - Oaks Seaforth Resort at Alexandra Headland, Oaks Calypso Plaza Resort at Coolangatta, Oaks Lexicon Apartments in Brisbane and Oaks 212 on Margaret Street also in Brisbane - were marketed through a tender campaign which attracted five offers.

Oaks Hotels & Resorts is in negotiations with a new buyer for four buildings in Queensland.

Woolpack Hotel sold by receivers

Receivers and managers, Taylor Woodings, sold the hotel at 229 Chalmers Street for $3.2 million, which was a drop from the $4.5 million paid by the vendors in September 2000.

The Woolpack Hotel at Redfern, New South Wales, has been sold on behalf of the receivers and managers, through CB Richard Ellis Hotels.

ING disposes of Toowoomba asset

The hotel/motel at 598-604 Ruthven Street sold for $7 million, which represents a yield of 8.10%.

The Shamrock Hotel Motel in Toowoomba, Queensland, has been sold by ING.

Hotel results check in

Despite the slow-down in Australia’s tourism sector over the past year, Darwin and Perth recorded the highest demand in accommodation, according to Colliers International’s latest Hotels INNvestment Report – Autumn 2009.

New owner checks in

A fully leased hotel and pub in Bacchus Marsh, Victoria, has been sold at auction by agents of Arbee Real Estate.

Hard data on hotels

Colliers International predicts Sydney’s hotel market will recover before most other capital cities of Australia, following the latest Australian Bureau of Statistics data.

Hotel performance flat lines

A year of many challenges for Australia’s hotel and tourism sector saw hotel performance flat line in the last quarter of 2008 as the impact of the global financial crisis became apparent.

A clean, crisp auction

A tavern in Dalby, Queensland. has been sold at auction in what Jones Lang LaSalle describe as a a show of confidence for the Queensland pub market.

JLL presents hotel survey

“We saw a number of private companies and developers, along with one superannuation fund exit the sector in 2008,” said David Gibson, CEO Asia Pacific, Jones Lang LaSalle Hotels.

According to Jones Lang LaSalle Hotels, Australia’s top ten hotel owners saw little change in their portfolio holdings in 2008, accounting for a combined 12.9% of Australia’s total room supply, compared to 12.4% in 2007.

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