This Month
This CEO gave up ultra-processed food. Here’s what happened
Ingenia’s John Carfi says he likes feeling hungry, and so chooses to fast from dinner “until whenever it is I choose to eat”.
February
Welcome to the Waldorf: Forrests’ luxury hotel rises in Circular Quay
In a $520 million deal two years ago, Andrew and Nicola Forrest, now separated, acquired the project, which is set to be finished by the end of next year.
Still ignoring hotel loyalty schemes? Here’s why you shouldn’t
The reward programs of hotel giants like Marriott, Accor and IHG are free to join. And you can use the points for far more than a hotel stay.
January
Hotels love that tennis now means ‘spoiling yourself’
Hoteliers have relished the boost from more tourists coming to the tennis this year because of the lower Aussie dollar.
They built a $180m office but struggling to get tenants
The vacancies in towers built on the back of private credit come amid difficult times for developers, more of which are falling into administration.
FIFO mining camp operator bleeds cash as losses mount
French company Sodexo’s expansion into Australian FIFO camps has racked up nearly $177 million in cumulative losses over the past nine years.
Room to choose: 11 hotel openings to look forward to in 2025
Australia’s hotel construction boom is in full swing. And that means plenty of fresh options are opening for business in 2025.
December 2024
Wealthy families to sell Sorrento’s ‘Conti’ hotel for $180m
The Continental stands at the gateway to some of Victoria’s most expensive real estate, including the clifftop mansion of Portsea owned by Rich Listers.
Atlassian tower the next frontier for reborn hostel operator
As it prepares for its most ambitious opening yet, YHA Australia’s business continues to boom as demand for budget stays grows.
Redcape bolsters pub portfolio with triple Brisbane swoop
MA Financial’s hospitality group bought the three venues for a combined $66 million following a recent string of asset sales.
The 16,000-room hotel boom that is yet to slow
The burst of development over the past four years has two more years to run before it slows, a new forecast shows.
November 2024
Commonwealth Bank takes control of Jon Adgemis’ yacht
The boat was built in 1974 in Italy and was advertised for sale in 2010 with a price tag of $2.85 million.
Backpacker operator Bounce snaps up Selina’s Australian hostels
Hostel operator Bounce will instantly double its network of properties to six with the acquisition of three former Selina hostels in Melbourne and Brisbane.
October 2024
Travel surge cements Young Rich Lister’s new billionaire status
Robert Chamberlain’s Huno Group enjoyed a 25 per cent jump in revenue to more than $232 million, while net profit hit $78.8 million.
Six years on, Lanson Place opens in historic Melbourne building
The $80 million apartment hotel is the Hong Kong chain’s first in Australia, and fills a gap in the market.
Jon Adgemis allegedly transferred funds out of collapsing pubs group
The high-flying businessman built a hotel empire. But part of the company collapsed, with administrators presenting the initial findings of what went wrong.
Fund manager snaps up coastal hotels with famed Rick Stein restaurants
Salter Brothers has purchased three Bannisters hotels in Mollymook and Port Stephens that are home to the celebrity UK chef’s famous seafood restaurants.
September 2024
‘Pay to stay’: Average Sydney hotel room rate to hit $426 by 2033
Sydney will be the standout hotel market over the next decade as occupancy rises to 86pc and few new hotels are completed to keep up with demand.
Holiday home rentals ‘not to blame’ for sky-high UK house prices
A global backlash against Airbnb properties has brewed in recent years, and some cities such as New York are severely restricting the company’s activity.
Greece to ban new short-term lets in Athens for at least a year
Like many other European tourism destinations, Greece must balance a profitable short-stay industry with the needs of locals facing a housing shortage.