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Despite COVID, Australia Hotel Sales Enjoy 5-Year High

According to global property consultant CBRE, Australian hotels sales have surged to almost $2 billion this year - hitting a five-year high and up from just $681 million 2020 - despite a year of lockdowns and ongoing travel restrictions.

Hotel sales nudge $2b, hit six-year annual high

Demand for residential conversions is a significant factor in a strong hotel accommodation investment market through 2021 despite COVID-19 issues.

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