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JLL projecting 25 per cent jump in global hotel investment volume

Hotel Management

In 2025, slowing new supply will spur hotel brands to continue to use their balance sheets to fuel net unit growth, a key driver of shareholder value. As we consider the transaction market in 2025, we expect to see a re-emergence of two key contributors to overall volume, portfolio transactions and urban full-service hotel sales, he said.

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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. Since 2021, Smith has served as the opening General Manager of the Courtyard by Marriott Melbourne Flagstaff Gardens.

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Playing the Same Game: How Revenue Managers and Sales Are Joining Forces

Lodging

Sales and revenue management are two departments that seemingly should be a match made in heaven but often find themselves at odds with differing goals for success.

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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

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Melbourne investor purchases The Adelphi Hotel in $19 million deal

Hotel Management

The 34-room hotel, in the “Paris End” of the CBD, joins Tabet’s local hotel portfolio which includes The Royce Hotel on St Kilda Road and The Lyall Hotel in South Yarra. The hotel features a rooftop pool and events venue, cocktail bar and boardroom.

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Singapore-based Invictus Developments purchases The Old Clare Hotel in $61.8 million deal

Hotel Management

Sydney’s The Old Clare Hotel will be under new management in 2024 following the AU$61.8 million purchase of the historic hotel by Singapore-based Invictus Developments. Having set in stone our property improvement plans and management strategies, we remain committed to further investment within the Australian hotel sector.”

Tourism 264
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The Star sells Sheraton Grand Mirage Resort to family consortium for $192 million

Hotel Management

According to Colliers’ research, Gold Coast luxury hotel room rates reached an average of AU$485 over the past 12 months. The Star Entertainment Group CEO and Managing Director Robbie Cooke said the business remains committed to this fast-growing region. “As

Resorts 264