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Global realestate investors are increasingly gravitating to the hotels sector evidenced by near historic levels of first-time capital invested in 2024, said JLL Hotels & Hospitality Group Global Head of Hotels Research, Zach Demuth.
Accor’s French luxury brand Sofitel is set to expand and upgrade its network of hotels in Australia and New Zealand among 30 destinations globally in the coming years as the brand seeks to win favour with guests and owners 60 years on from its launch. “We It’s a powerful luxury brand. We have 51 brands in Accor portfolio.
NEW DELHI and DALLAS—Oravel Stays, the parent company of the global travel technology company OYO, announced that it has agreed to acquire G6 Hospitality, the parent company of the Motel 6 and Studio 6 brands, from Blackstone RealEstate for $525 million, in an all-cash transaction.
Continuing to expand into the Victorian market aligns with our strategic goals to further strengthen 1834’s presence and brand across Australia. “We JLL Managing Director and Head of Investment Sales – Australasia, Peter Harper, said quality realestate continues to remain highly sought after in the hotels sector.
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