Veriu Group unveils extensive refurbishment of Punthill Essendon and Punthill Williamstown
The $1.6 million investment across 98 total keys included new furniture, upgraded technology, and improved connectivity over nine weeks.
The $1.6 million investment across 98 total keys included new furniture, upgraded technology, and improved connectivity over nine weeks.
Brookfield transformed the 414-key Barcelona property with a €28 million renovation and Moxy rebrand, significantly increasing asset value over four years.
Weekly roundup covers €51M Canary Islands sale by Atom Hoteles, French acquisitions by Finareal, and pension fund deals across Europe.
Four major transactions across Asia Pacific include SC Capital's acquisition of Fusion Hotel Group and Verdant View's SGD43.5M Punggol development win.
The newsletter covers five major hotel transactions across Asia Pacific, including One REIT's JPY25.2 billion acquisition of five Japanese hotels and BAM's NZD250 million New Zealand purchase.
The 397-room lakeside property brings Highline's portfolio to 18 hotels and $1.5 billion in assets under management.
SC Capital Partners consolidates its Asian hospitality platform with the purchase, creating a 16,000-key portfolio spanning Vietnam, Thailand, Japan, and Indonesia.
HOSPA recognized top performers from its 2024/2025 training cohort, with Leonardo Hotels winning Employer of the Year for professional development commitment.
The author reflects on working with asset managers over three decades, emphasizing how rising operational costs make NOI more critical than revenue growth.