While the fundamentals in many of Australia’s traditional property asset classes are benign, the dynamic characteristics of the hospitality market continue to place the hotel sector under the investment spotlight.
CBRE Hotels is currently tracking over 37,000 new rooms across the 10 key cities in the country, of which 14,000+ rooms are expected to come on line over the next three and a half years.
There has been a notable tightening in the yield profile in the year to date performance, with a significant number of large transactions being completed with initial yields below 6.5%.
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Regional Director - CBRE Hotels, Pacific
O: +61 2 9333 3422
M: +61 413 025 442