In an Accommodating the Growth in New Students report, CBRE highlights that an incremental 8,000 PBSA rooms will be delivered across Australia over 2023-2026 – representing a 7% uplift.
The Prince of Wales Hotel, an iconic establishment in St Kilda, has been listed for sale by Melbourne-based hospitality business, Jackalope Group, which purchased the property in 2015 for $45 million.
The opportunity encompasses significant combined development parcels totalling approximately 28 hectares of beachfront and island centre land across perpetual and long-term leasehold lots.
CBRE is reducing its forecast for hotel performance this year, as weaker-than-expected summer demand resulted in a shortfall in Q2 2023 revenue per available room (RevPAR).
CBRE Hotels is soliciting offers to acquire the fee-simple interest in the Holiday Inn Express & Suites in West Houston Katy, Texas. Located off Interstate Highway 10 and just minutes away from Katy Mills Mall and Houston Energy Corridor, the 97-room hotel receives business from a diverse population of both corporate and leisure segments.
CBRE Lending Momentum Index’ Declines 5.4% From Previous Quarter
Located off Highway 285, the hotel provides convenient access to Downtown Golden, The University of Denver, Denver International Airport, Red Rocks Park and Amphitheatre, and Mile High Stadium.
CBRE Hotels is soliciting offers to acquire the fee-simple interest in the Corporate-Owned La Quinta Inn by Wyndham in Denver Golden, Colorado. The property is located near I-70, with convenient access to The Colorado School of Mines, Denver International Airport, and Downtown Golden.
Hotel demand growth declined 1.5% in June while short-term rental demand rose 14.3%, suggesting that short-term rentals may be taking share from hotels.
Commercial real estate prices are showing signs of stabilizing as inflation moderates and the Federal Reserve nears the end of its interest rate hiking cycle, according to a new CBRE survey.