We are pleased to share with you our latest hotels research & analysis report. Our report examines fifty hotel sales transacted in 2016 across Australia.
- For the year to December 2016 Colliers International assessed $2.7 billion of hotels transacted throughout Australia, the second highest result on record.
- Key activity was driven by investment from mainland China accounting for 37 percent of total transactions by value. Domestic buyers accounted for approximately 29 percent by value and Singapore buyers accounted for approximately 18 percent in 2016.
- The largest hotel transaction of the year was the $700 million Ribbon development site acquisition by Chinese Zhengtang Group (now Greaton) in Darling Harbour. Other large sales include the Vibe Hotel Sydney ($97 million), Surfers Paradise Marriott Resort & Spa ($70 million), and Hotel Grand Chancellor Surfers Paradise ($80 million).
We hope you enjoy reading our report.