Harvesting Opportunities in the Australian Hotel Market
View the article authored by Ronald Barrott from the 2017 Preqin Global Real Estate Report 2017. Click here to read the article
Author: Pro-Invest Team
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Pro-invest brings Holiday Inn Express to Melbourne CBD
Hotel developer Pro-invest will bring IHG’s Holiday Inn Express brand to the centre of Melbourne, after acquiring two adjoining buildings near Southern Cross Station for about $30 million. A 300-room hotel along with shops and offices is planned for the 1254-square-metre site running from 595 to 599 Little Collins Street, less than a block from
Sydney, Melbourne to get Australia’s first ‘Wellbeing’ Hotels
Sydney and Melbourne will host Australia’s first EVEN hotels, the wellbeing brand developed by UK giant InterContinental Hotels Group offering guests things like yoga classes, exercise programs, nutritionally-designed menus and hotel managers who accompany them on their morning jogs. International hotel investor Pro-invest will develop up to 15 EVEN hotels in Australia and New Zealand after striking a
Holiday Inn Express Brisbane Central marks the return of one of the world’s hotel giants
Construction of one of Brisbane’s newest hotels, Holiday Inn Express Brisbane Central, has topped out and it’s 226 rooms are being readied for its first guests early next year. While it may be no-frills, the scheduled opening of the property in Wharf St, Spring Hill, in late January will mark the return of one of
Pro-invest Group launches lifestyle brand EVEN hotels in Australia & New Zealand
On 20th October 2016, international investment firm Pro-invest Group and IHG announced an exclusive agreement to develop a portfolio of EVEN Hotels across Australian and New Zealand capital cities and economic hubs. The brand is an industry first; no other hotel brand provides a holistic wellness experience in the same way and it will be
Pro-invest buys Southbank site for new Holiday Inn Express Hotel
Hotel developer and operator Pro-invest has paid $25 million for a 1,704 square metre development site on City Road in Southbank, Melbourne, where it will build its fourth Holiday Inn Express as part of its Master Development Agreement with the InterContinental Hotels Group (IHG). The site at 35-47 City Road was sold by CBRE, after
Pro-invest partners with IHG on new Holiday Inn Express in Newcastle
Pro-invest Group has taken its pipeline of Holiday Inn Express hotels in Australia to five with the unveiling of a new, 170-room hotel to be built in the centre of Newcastle. The boutique investment firm, founded by veteran hotel developer Ron Barrott, completed a $300 million capital raising in May to fund its initial pipeline of Holiday
Withers advises Pro-invest Group on $300 million capital raise
International law firm Withers has advised Pro-invest Group in completing its AUD$300 million capital raise for its inaugural Australian hotel fund. The fund will invest in Australian and New Zealand properties that will be developed into Holiday Inn Express branded hotels. The brand is franchised from UK-listed hotel group InterContinental Hotels Group PLC and is
Pro-invest Group & IHG first signing of EVEN Hotels property in New Zealand
Pro-invest Group sign EVEN® Hotels – The world’s first and only dedicated hotel wellness brand, set to energise Australasian travellers.