Pro-invest Group, a Sydney-based boutique investment firm, is on the cusp of closing its debut Australia and New Zealand-focused private equity real estate fund on A$300 million (€202 million; $229 million). PERE has learned that the firm is weeks away from wrapping up fundraising for the hospitality-focused vehicle. The Australia Hospitality Opportunity (AHO) fund was
InterContinental Hotels Group (IHG) in partnership with investment group, Pro-invest has this morning (Mar 30th) celebrated the opening of Australia’s first Holiday Inn Express hotel, Holiday Inn Express Sydney Macquarie Park, scheduled to welcome its first guests on 11 April 2016. A ribbon cutting ceremony marked the occasion, attended by IHG Chief Executive Officer, Richard
InterContinental Hotels Group is set to increase its exposure in the country’s hotel sector with a new Holiday Inn Express® in the ever-expanding Macquarie Park precinct in Sydney’s north. It is being developed by international investment company, Pro-invest Group, which has established a $300 million fund to develop a portfolio of up to 15 Holiday
Pro-invest Group, a Sydney-based boutique private equity real estate investment firm, has reached a A$250 million (€162.4 million; $176 million) second close on its maiden Australia and New Zealand-focused private equity real estate fund for hospitality investments.
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 InterContinental Hotels Group.
Sydney, Australia, 27 April 2015: International investment firm Pro-invest Group and InterContinental Hotels Group (IHG) have signed a franchise agreement for a 245-room Holiday Inn Express hotel in the heart of Adelaide’s CBD. The hotel will be the first Holiday Inn Express in the city and the third to be developed under the master development agreement between Pro-invest Group and
Sydney, Australia, 13 October 2014: Pro-invest Group is pleased to announce InterContinental Hotels Group (IHG) has recently invested in its Australian Hospitality Opportunity Fund (AHO). Under the A$150 million fund, Pro-invest Group is currently developing a portfolio of up to 15 Holiday Inn Express hotels across Australia. The first closing of the fund has now taken
IHG and Pro-Invest Group sign agreement for Holiday Inn Express Brisbane Spring Hill Sydney, Australia, 16 July 2014: InterContinental Hotels Group (IHG) and international investment group, Pro-Invest have signed a franchise agreement for a 226-room Holiday Inn Express hotel in Brisbane’s Spring Hill. The hotel will be the first Holiday Inn Express property in the city
Pro Invest Group Commits to Develop Initial Portfolio of Holiday Inn Express Hotels totalling 2100 bedrooms; First Hotel Confirmed for North Ryde, Sydney. Sydney, Australia, 25 July 2013: IHG (InterContinental Hotel Group) today announced that international investment company, Pro Invest Group, has established a $150 million fund to develop a portfolio of 15 Holiday Inn Express hotels
