Anthony Ursino shares insights on Sydney’s evolving accommodation market with CoStar

Pro-invest Group Chief Operating Officer & General Counsel, Anthony D. Ursino, has shared his perspective with CoStar on the changing dynamics shaping Sydney’s accommodation market.

In a recent article by Tamara Thiessen, Anthony joined industry leaders including Matthew Tripolone, IHG Hotels & Resorts, and Craig Hooley, Minor Hotels, to discuss how rising development costs, planning complexity and constrained new supply are influencing investment and development strategies across Australia’s largest accommodation market.

Anthony highlighted the growing focus on conversion and repositioning opportunities as the challenges associated with traditional ground-up development continue to increase.

For Pro-invest Group, this reflects a broader opportunity to identify well-located existing assets that can be reimagined through a hospitality lens, combining thoughtful repositioning, adaptive reuse and operational expertise to create contemporary Urban Accommodation experiences.

As Sydney’s accommodation market continues to evolve, the ability to unlock value from existing assets is becoming increasingly relevant, particularly as investors and operators seek alternative pathways to growth amid constrained new supply.

We thank Tamara and CoStar for featuring Anthony’s perspective alongside those of our industry peers and for continuing the discussion around the opportunities and challenges shaping Australia’s accommodation sector.

Read the full CoStar article here: https://lnkd.in/g5PtvmSW