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JLL projecting 25 per cent jump in global hotel investment volume

Hotel Management

JLL’s Hotels and Hospitality Group is projecting a 15% to 25% increase in global hotel investment volume compared to 2024, according to the companys latest Global Hotel Investment Outlook. Through November 2024, global hotel demand reached a staggering 4.8 Global hotel investment volume reached $57.3

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Key appointments: Capella Sydney, The Tasman, JLL Hotels and Hospitality

Hotel Management

The Tasman names new General Manager The Tasman, a Luxury Collection Hotel, Hobart has appointed Carolyn Smith as General Manager. She was named GM of the Year 2023 for Marriott Brand Select Brand Hotels in the APEC region. Polcheira joins from Accor, where he served as the Commercial Director at Sofitel Sydney Wentworth.

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Melbourne investor purchases The Adelphi Hotel in $19 million deal

Hotel Management

The Adelphi Hotel at 187 Flinders Lane has sold for the second time in 18 months with Melbourne based hotel investor Mazen Tabet purchasing the property for a reported AU$19 million. The hotel features a rooftop pool and events venue, cocktail bar and boardroom.

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Key appointments: QT, The Ritz-Carlton Melbourne, W Sydney and more

Hotel Management

The Ritz-Carlton, Melbourne names new GM The Ritz-Carlton, Melbourne has welcomed seasoned hotelier Rachael Harman as the hotel’s new General Manager. Harman brings over 20 years of industry experience to the role, having worked in senior management roles across luxury hotel brands in Malaysia, Singapore, New Zealand and Australia. “We