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Perri Projects appoints Ovolo for $50m South Melbourne Designer Hotel

Australian developer, Perri Projects, has appointed international award-winning designer hotel owner operator, Ovolo, as hotel manager for its $50 million South Melbourne project, expected to open in 2020. Located at 183-199 Moray Street, the 100 room, Upper Upscale, six-storey designer hotel, will bring Ovolo’s signature ‘effortless living’ ethos to one of Melbourne’s most iconic inner-city suburbs. Ovolo’s...

The high-profile Limes Hotel sold to private investors after record interest

The Limes Hotel in Fortitude Valley, Brisbane has been sold to private investors after an Expressions of Interest campaign. The incoming purchasers plan to revamp the hotel with the introduction of new guest services. The award-winning, Alexander Lotersztain designed hotel was marketed by CBRE Hotels’ agents Hayley Manvell, Paul Fraser and Wayne Bunz. Opened in 2008, the 4-star boutique...

Melbourne Hotels Keep on Cranking

STR’s preliminary data for Melbourne hotels in 2017 is in, and it is showing another strong year for the city’s lodging industry. All KPIs are up over the previous year. -Supply: +2.3% -Demand: +3.2% -Occupancy: +0.8% to 81.8% -Average daily rate: +2.1% to AUD192.94 -Revenue per available room: +3.0% to AUD157.80 Once again, new hotel supply has been absorbed and then some....

Ovolo adds Canberra’s Hotel Hotel to growing Australian portfolio

Congratulations to Ovolo Hotels with a presence in four Australian key cities : Canberra, Sydney, Melbourne and Brisbane. Ovolo adds Canberra's Hotel Hotel to growing Australian portfolio (Australian Financial Review). Hong Kong boutique chain Ovolo has secured its third Australian hotel in just seven months, acquiring the rights to manage the 68-room Hotel Hotel in Canberra from local powerhouse developer Molonglo Group. The...