Investors circling Australian hotels after 2022 transactions hit $2.14 billion
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.
New South Wales Troy Craig Australian Head Of Hotels Research Ally Mcdade Hotels Overview Hotel Valuations Average Daily Rates
Source: hospitalitynet.org