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Australian hotel sales hit $2.14 billion in 2022 - the second highest transaction volume on record - with significant additional equity capital still on the sidelines waiting for signs of a stabilisation in interest rates and inflation according to new CBRE research. CBRE’s latest Hotels Overview and Outlook report highlights that recovering occupancies and strong growth in Average Daily Rates (ADR) assisted in insulating the hotels sector from the effects of rising inflation. ....
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. ....
As the COVID-19 pandemic ends and travel starts to ramp up, luxury hotels are back in focus with sales of prominent properties reaching $2.14 billion in 2022 – the second-highest transaction volume on record, – and there’s more to come this year. ....