Hotel Transaction Brisbane
Pacific Hotel Brisbane Sold for AUD $44.8 Million
The freehold interest in the Pacific Hotel Brisbane has been sold to the Gold Coast based Singh Enterprises for $44.8 million.
The freehold interest in the Pacific Hotel Brisbane has been sold to the Gold Coast based Singh Enterprises for $44.8 million.
January's total revenue growth of 3.0% failed to offset the 220-basis point contraction in margins, causing a 5.7% decrease in GOP dollars as labor costs from rising wages continued to pressure operating profit.
Situated on a 1.8 acre sea front site at Brodick, the hotel underwent a significant investment of c. £8m by the current owner to create a hugely impressive hotel, beyond what is normally experienced on the Scottish Islands. In addition to the hotel accommodation, there is an extensive food & beverage provision that is popular with hotel and non-staying guests.
The Esplanade Hotel Fremantle has been listed for sale as owners look to capitalise on strong investor demand for large scale hospitality assets across Australia.
Over the past four years, utility costs at U.S. hotels have increased at a pace greater than total operating revenue. As a result, utility department expenses increased from 2.9 percent of total revenue in 2019 to an estimated 3.3 percent in 2023. As hotels have
Located directly across the street from the beach and Galveston Seawall, the hotel is within minutes from the aquarium and rain forest pyramids at Moody Gardens, Galveston Island Historic Pleasure Pier, the Port of Galveston, Galveston Island Convention Center, and UTMB Health.
Located at 47-53 Wentworth Ave, the hotel opened in May 2022 and comprises 264 guestrooms and suites, a gym and conference rooms.
The property is located in the French Quarter in the heart of the Historic District of Charleston. Guests can park their car in one of nine on-site parking spaces and walk to award winning restaurants, King Street shopping, Waterfront Park, The City Market, White Point Garden and The Charleston Aquarium
This offering represents a unique opportunity to acquire a premium full-service asset with significant potential for value enhancement in a thriving submarket of Dallas Fort Worth MSA.
Premium-Branded, LEED Certified Hotel Investment Opportunity in Boulder, CO