Dubai billionaire brings luxury hotel brand to Canberra in $200m deal
Ghassan Aboud will open the first Crystalbrook Collection hotel in Canberra in 2027 and is keen to take the Aussie-grown luxury brand overseas.
Source: afr.com
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Outgoing Qantas CEO Alan Joyce sells Mosman house for $20 million-plus
The outgoing Qantas chief and his husband owned the waterfront mansion for little more than a year, and will most likely be toasting the high-end housing boom.
Source: theage.com.au
Asia Pacific Hospitality Newsletter - Week Ending 4 February 2022
Shanghai Land Group Acquired Hyatt on the Bund, Shanghai for RMB4.5 Billion
Source: hospitalitynet.org
Sydney developer Eduard Litver buys Melbourne ibis hotel at 'below replacement value' for $25m
Sydney developer Eduard Litver says he paid less for the ibis Budget than what it would have cost to buy land in the Melbourne CBD and build a similar hotel.
Source: afr.com