Yesterday
Squeeze out the most value at these five-star luxury hotels
So you’ve splashed out on airfares, but you still have to book the accommodation for your next holiday. Here’s how to get the most bang from your remaining bucks.
- Fiona Carruthers
This Month
- Exclusive
- Tourism
On Hamilton, a family dynasty bets there’s more money in islands
After showing potential buyers around last year, Sandy Oatley and his family are instead developing a new resort as they double down on the island.
- Primrose Riordan
NRMA snaps up Yamba holiday park for more than $40m
The association will add the Blue Dolphin Holiday Resort in Yamba to a tourism portfolio that includes Cradle Mountain Hotel and Freycinet Lodge in Tasmania
- Larry Schlesinger
Tabcorp recruits Laundy in pub fight
The ASX-listed wagering group will upgrade its betting terminals and broadcast displays across the Laundy Hotels portfolio, but lock its rival out.
- Zoe Samios
Loyalty program a huge driver of occupancy at Marriott hotels
More than one in two hotel rooms booked in Australia come through Marriott’s loyalty program, says Asia Pacific boss Raj Menon.
- Larry Schlesinger
- Exclusive
- Deutsche Bank
Adgemis, fighting fires, now has the Tax Office at his door
The Tax Office is knocking on the door of Jon Adgemis’ embattled pub group for more than $10 million as the former KPMG rainmaker attempts to save his empire.
- Max Mason and Primrose Riordan
Developers bet on long-term tourism boom with new hotels
Developers have struck agreements with IHG, Hilton and Accor to operate new hotels in Brisbane, Townsville and Launceston as occupancy rates rise.
- Larry Schlesinger
Planning delays transformed into social housing solutions at Toga
Property developer Toga turns vacant apartments and retail spaces in projects awaiting planning approval into pop-up accommodation for vulnerable communities.
- Larry Schlesinger
- Exclusive
- Accommodation
New Pullman to breathe life into Launceston’s ‘old’ hotel scene
The 139-room hotel will form part of the repurposing of the 1930s TAFE building overlooking Launceston by developer Red Panda.
- Larry Schlesinger
April
- Exclusive
- Food & drink
Jon Adgemis’ lender pushes to sell his Darlinghurst Hotel
Another lender does not want the sale to go ahead. The crisis highlights the rosy valuations of the indebted pub baron’s properties.
- Primrose Riordan
Victor Island in the Whitsundays sold at 31pc discount to last sale
The 3.14ha island near Mackay was bought for $3.65m by Sydney-based Kingdom Developments, but sold for just $2.51m despite competition from 15 bidders.
- Larry Schlesinger
- Exclusive
- Accommodation
Mantra border hotel set to deliver a 15pc yield to wealthy investors
Investors in the fund that bought the Albury CBD hotel include Gabriel Jakob’s family office Hyper Capital and Malcolm Beville’s Willow FM.
- Larry Schlesinger
Woollahra’s Light Brigade Hotel for sale at $20m
The imposing pub at the top of Oxford Street is on the market for the first time in almost a decade, and following an extensive renovation.
- Larry Schlesinger
- Exclusive
- Property development
Acuity Development has $300m plan for Yarra Valley aerodrome and farm
The developer, which sources both projects and investors, has grand plans for the Yarra Valley’s only sealed airstrip and neighbouring farm.
- Michael Bleby
Data centre builders fight infrastructure for heavy cranes
Demand for the heaviest type of crane has pushed up costs at twice the rate of ordinary commercial cranes. And there aren’t enough of them.
- Michael Bleby
Redcape sells Sydney pub for $48m, unfreezes fund
The Crescent Hotel in Fairfield was sold to veteran publican Patrick Gallagher. It takes total divestments since asset sales began last year to more than $200m.
- Larry Schlesinger
Melbourne fund manager buys Darling Harbour hotel for $55m
Shakespeare Property Group, part of fund manager Prime Value, has snapped up the 90-room heritage-listed Woolstore 1888 hotel in Sydney.
- Larry Schlesinger
- Investigation
- Food & drink
Jon Adgemis’ high-wire act is coming unstuck
The former KPMG dealmaker burst onto the hospitality sector after buying up a string of venues. Huge debts and angry lenders are threatening to push it over.
- Primrose Riordan and Sarah Thompson
A luxurious weekend in Singapore – yet off the beaten track
It’s easy to stick to hectic Orchard Road or Marina Bay on a fleeting visit to the city state. But a quieter, more authentic enclave awaits you, too.
- Ingrid Fuary-Wagner
- Exclusive
- Accommodation
Gold Coast chicken farmers spend $45m on Brisbane hotel
The Singh family has bought the 179-room former Pacific Hotel in Spring Hill and converted it to a Mercure hotel to be operated by Accor.
- Larry Schlesinger