For years,the Imperial at Clifton hotel was literally cut off,as there was only one road for access. Now,following an award-winning makeover,it has been revived in all its glory.
The resort has hosted a future king of England,movie stars and models and is on the market for $200 million-plus through a consortium including Star Entertainment.
Luxury hotels are back,with sales reaching $2.14 billion in 2022 – the second-highest transaction volume on record. And there’s more to come this year.
Sydney’s city skyline is enjoying a $100 billion-plus building boom,which has sparked a battle for the best upmarket amenities,rooftop bars,including the usual office spaces and luxury hotel rooms.
The Johnson Property Group’s $580 million Trinity Point project would give the Lake Macquarie area new apartments,a five-star hotel and function facilities.
Owners of the property in the heart of North Sydney hope to attract $40-$50 million for the recently upgraded 100-room building.
Developers are defying rising interest rates,constructions costs and inflationary pressures with more than $670 million worth of projects being approved.
The Wye Beach Hotel is the latest in a string of pubs on Victoria’s famed surf coast to change hands as investors follow the crowds to regions.
Hotel owner and developer Pro-invest Group has teamed up with Next Story Group to create a new hotel management company with a foundation hotel portfolio of seven brands.
Sydney’s city skyline is set for a new entrant with the planned development of a $450 million hotel and apartment tower in Pitt Street.
Private equity giant Kohlberg Kravis Roberts (KKR) has snapped up the Sofitel Sydney Wentworth hotel,the favoured haunt for the Liberal Party on election nights,for $315 million at a time when the beleaguered tourism sector is set for a revival.