Adam Summerville

Sydney is a great international city needing more national and international tourism destinations; the Sydney Harbour Bridge is iconic. Darling Harbour is the graveyard of so many fine leading restaurateurs. The stunning Sydney Opera House is a global landmark; however, the food and beverage destination experience at the Opera House is challenging, with thousands of Seagulls (sea rats) swooping in as one is about to place a fork of food into your mouth with unbelievable timing these sea rats swooping in take off your fork with military precision its almost impossible to stop the sea rats from spoiling a luncheon or dinner even as the food is brought to one table which has to be protected. These sea rats operate in packs, and one distracts with swooping while another takes the food; I had a chip taken away from my mouth as I was about to eat it. Blackwattle Bay's new stunning 3XN-designed Fish Market, which is under construction, has the potential to become Sydney's second iconic destination, desperately needed for National and International tourism growth drivers. The challenge is not to repeat another Darling Harbour disaster, with a lack of a "sense of place" disconnected from the CBD of Sydney and not having enough footfall and vitality to be a viable destination. Changing the direction of large Capital Cities and creating viability is challenging. Could you look at Bangaroo after 6 pm, a ghost town with a failing footfall to support viable Food and Beverage hospitality businesses? Australia's most successful CBD retail and tourism destination is one of my past major urban projects that won an International registration against over 90 registrants. We created a "sense of place", which is hard to achieve in a previously neglected precinct of the City of Melbourne. We changed the direction of that City to becoming a "catalyst project", creating Australia's largest and most successful urban renewal project since the opening of Melbourne Central, over $9bn of new investment into a previously neglected precinct of the City of Melbourne. This year, Melbourne Central will generate a footfall of around 40m visitors despite the CBD's footfall being down over 500,000 per week. In 2024, Melbourne Central won the CBD "Big Gun" retail and tourism destination award, with the highest gross income, no vacancies and 100% leased space. With the opening of the new Library Metro underground railway station adjacent to Melbourne Central double-decker underground railway, which we fully integrated into our design for further growth, expected footfall by the end of next year is around 50 m people annually. #UrbanRenewal #Catalyst #MelbourneCentral #Thriving #BigThinking #Harropfactor #SydneyFishMarket #Destination #SenseofPlace #footfall .

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The Australian Hotel Sold by HTL Property The Australian Hotel Wingham sold is the 7th regional hotel sold this year by HTL Property. The Wingham hotel sold by HTL agents Blake Edwards and Xavier Plunkett. The successful deal was reached with the highly regarded and experienced North Coast publican Tim Smith, which involved a trade component of GMEs from one of the purchaser's venues. "HTL were able to structure a "win win" deal where both parties got what they wanted, it was a good outcome for everyone" commented HTL Property Director, Blake Edwards. "Activity amongst buyers and sellers has increased markedly in 2024, with trade and interest rates stabilizing, operators have acclimatized to the new normal and are getting on with business" Edwards continued. This is the 7th regional hotel HTL has sold this year by HTL Property; and which have included notable transactions such as Jerrabomba in Queanbeyan, Station Hotel in Kurri Kurri and the Royal Hotel Armidale. Read more about th HTL Property transactions on The Hotel Conversation linked below: Vikki Bush Annabel Noonan Rebecca Buckman Andrew Jolliffe Nic Simarro Sam Handy Brent McCarthy Daniel Dragicevich Ben Kennedy James Carrick Andrew Jackson Paul Nyholt Vanessa Rader Glenn Price #htl #htlproperty #pubs #pub #pubnews #hotelnews #hotelindustry #hotelinvestment #hotelowners #businessbrokerage

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QIC is moving to sell its 50% stake in Perth’s Claremont Quarter, the city’s premium shopping and lifestyle destination. Claremont Quarter is jointly owned by QIC and Hawaiian. It is positioned approximately 9km south-west of the Perth CBD, in what is considered one of the city’s most prestigious suburbs, on a landmark 2.7ha site. CBRE’s Pacific Head of Retail Capital Markets Simon Rooney and McVay Real Estate’s Sam McVay have been jointly appointed to steer the sale process for Claremont Quarter amid heightened interest in Australian shopping centre investment opportunities. The campaign follows circa $1.2bn in major shopping centre sales since the start of 2023, with an additional $1bn of transactions currently in play. #retailproperty #shoppingcentre #investment #fundsmanagement https://lnkd.in/gQFKKqhe

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RF Corval to partner with EVT - Entertainment | Ventures | Travel following acquisition of Sherwood Hotel Queenstown NZ negotiated by Colliers   EVT has entered into a new hotel management agreement to operate the Sherwood Hotel in Queenstown from late November, following RF Corval’s acquisition of the property. The off-market transaction to RF Corval was handled by the Colliers team of Steven McIsaac, Haoran (Jackie) Su and Karen Wales. Sherwood Hotel was founded 10 years ago by Queenstown based property investor and entrepreneur Adam Smith and will continue to be run by General Manager Hayley Scott together with Food and Beverage director Chris Scott. Peter Hill Director of Development – EVT Hotels and Resorts shared his excitement about the new partnership, “We are proud to have been selected as the operator of Sherwood Hotel Queenstown, a reflection of our agile and experienced management of hotels though our Independent Collection, especially ones as unique as Sherwood. Maria Verner Senior Investment Manager of Hotels, RF Corval also commented on the partnership, “RF Corval is delighted to partner with EVT and the amazing Sherwood team to bring the hotel into its next era. We look forward to building on the current success of the property and are confident in EVT’s impressive track record across hospitality and exemplary customer experience. Sherwood is a unique hotel that leaves a lasting impression on every guest, and we are extremely proud to take on the ownership of this property.” As part of the ownership transition, RF Corval will invest and elevate the offering, starting with an upgrade to the hotel rooms. Commenting on the transaction Colliers, Ms Karen Wales said, “With experiential travel in high demand, the future remains bright for quality hotels such as Sherwood, especially in key leisure markets, where consumers are increasingly valuing unique and immersive experiences and gravitating towards quality and sustainable offerings,” Read more on The Hotel Conversation > https://lnkd.in/g7YB7-SJ Jane Hastings Kerry Westwood Callum Kennedy Simon White Brett Barlow Diana Pascuzzo Oliver Picone Sanjeev Sahota Con Tsioulos Jake Bagatella Benn Vicic Michael Hua Tim Nation John Dillon Aleesha Balke Dean Collins Mark Simpson Barry Robertson Chris Bennett Sam Abel Christopher Milou Emily Racki Derrek Anderson Junrong Teo, MRICS #hotel #hotelmanagement #hotelrefurbishment #hotelinvestment #nztourism #queenstownnz #queenstowntourism #hotelindustry #hotelnews #hotelowners #hotels #colliers #colliersnz #colliershotels #nzhotels

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The challenge in Sydney is clear: creating vibrant Food & Beverage destinations to drive repeat visitation. Sydney's waterfront areas like Bangaroo and Darling Harbour struggle post-6 pm, needing more vitality. Without repeat visitors, finding fresh faces daily is a hurdle. The City of Sydney needs a transformation. It's not a walkable city and lacks amenities to attract locals and families. A celebratory hub, a sense of place, needs to be included. Decades of insufficient affordable rental accommodation have pushed key city workers to the Outer suburbs, turning Sydney into a "Tuesday to Thursday" CBD. This shift poses a threat to small businesses citywide. To thrive, new strategies must address Sydney's historic rental accommodation shortage, the worst in its history. #Sydney #CityTransformation #RentalHousingChallenge #Harropfactor

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So, what did you miss out on yesterday by not attending The REIQ Commercial and Industrial Conference? In simple terms, a lot. The venue was spot on, located in the Hyatt Regency on Queen Street Mall, Brisbane City. The morning introductions took an interesting turn just as Jason Luckhardt GAICD GAICD started his welcoming speech the fire alarms went off. Not a bad move as an ice breaker! We had presentations by * Macquarie Bank National Head of Commercial Real Estate Richard McCabe * Bruce Pasetti from Stratos Legal * Arealytics CEO Doug Curry * Jason Carlson and Aaron Webb * REACH Australia's Peter Schravemade; and * REIQ Legal and Policy Officer Casey Cossu DID YOU KNOW... that if you are representing an owner and the asset is 10,000sqm + or over $15m in value, then you don't need a Form 6a? Though, best practice of course, would be to have a signed Form 6A! DID YOU KNOW... that a landlord cannot terminate a lease just because a tenant enters into insolvency. DID YOU KNOW... Brisbane's office vacancy rates are at their lowest in over a decade, sitting at 9.5%? DID YOU KNOW... that the Property Law Act 1974 is going to be superseded by the Property Law Act 2023 and will probably come into effect in around 12 months? A big change for many of us will be the introduction of a Seller Disclosure form. There were so many I DIDN'T KNOWS that I took away from yesterday! I highly suggest that you keep a look out for next year’s event which will be again around midyear. With the introduction of compulsory CPD around 12 months away and with the quality of speakers attending these events, it is worth the day out of the office! #pm101 #propertymanagement #commercialpropertymanagement #reiq

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"Simon Property Group's chairman, CEO and president David Simon has revealed the company 'successfully sold' its remaining investment in Authentic Brands Group generating total gross proceeds of $1.45bn. This included the sale of a portion of its interest in Q4 of 2023. The company's Q1 results benefitted from the sale of its remaining ownership interest in Authentic Brands Group with its net income including after-tax net gains of $303.9m, or $0.81 per diluted share. It has also raised its quarterly dividend and is increasing the mid-point of its full-year 2024 guidance. GlobalData retail analyst Neil Saunders told Just Style exclusively: 'Simon’s core property business is solid so it doesn't rely on retail as an add-on.'" #finance #equipmentfinance #equipmentleasing #financialservices #corporatefinance #retail #consumerfinance https://lnkd.in/dC6Mm3gu

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On July 22nd, significant developments occurred in the local stock market. The directors of Arvida Group Limited recommended a takeover offer, while The Warehouse founder, Sir Stephen Tindall, joined forces with Adamantem Capital to put forward a proposal regarding the Warehouse Group. These offers come at a challenging time for New Zealand and the NZX Limited. The takeover presents an opportunity to realize unrecognized market value, posing a unique problem for the NZX. Read more below. #NZX #NZShareholders #MarketValue

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I distilled my complex points financial model into this simple business class flight savings calculator. Turn your business expenses into business class flights. Plug in your own expenses and find out. #iFLYflat #TheFlightsClub #businesstravel

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ResortBrokers® sells historic Tasmanian hotel Lufra in Eaglehawk Neck ResortBrokers®’ Tasmania specialist Marissa von Stieglitz has settled the sale of one of the Apple Isle’s most storied hotels. Built by business mogul Reg Ansett in 1948, the historic Lufra Hotel at Eaglehawk Neck on the Tasman Peninsula was snapped up by CameraPro founder Jesse Hunter. Ms von Stieglitz says buyer demand for Tasmanian properties is the highest she has ever seen in over 10 years as a broker. Interstate investors are showing the strongest interest, comprising almost 90% of buyer enquiries. Read more on The Hotel Conversation https://lnkd.in/ghXVhcaa ResortBrokers® Marissa von Stieglitz Jesse Hunter Ian Crooks Carla Cook Alex Cook Tim Crooks Des & Marina Fagg Tim Mayoh Jacqueline Featherby Kelli Crouch Chenoa Daniel Syd Douglas Lindsay Cooper Greg James #ResortBrokers #LufraHotel #SoldHotels #TasmaniaHotels #HotelNewsAustralia

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Brisbane's short-term accommodation market has rebounded and significantly exceeded performance levels recorded prior to COVID-19. Based on yesterday's release of the Australian Accommodation Monitor, average daily room rates increased more than 34% from the lows of 2020/21 whilst occupancy rates increased 24 percentage points. Brisbane was a #Star performer in QLD through 2023/24, with the highest occupancy rate of all major tourism regions.

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First GSP-Rated Hospitality Portfolio in Australia Frasers Hospitality Frasers Hospitality received a 1-star Green Star Performance (GSP) portfolio rating by the Green Building Council of Australia (GBCA) for its owned portfolio in Australia. Its commitment to raising sustainability standards across its global portfolio is also further affirmed by its recognition as a Regional Sector Leader in the Asia/Hotel category and 5-Star rating in the recent GRESB 2024 assessment. This marks a significant milestone in our long-term sustainability journey as we continue to drive sustainable and responsible hospitality development within our portfolio,” said Ms Chin Fen Eu, Chief Executive Officer of Frasers Hospitality. Read more on The Hotel Conversation - https://lnkd.in/e6xsP4RS GRESB Jason Leong Chew Hang Song Ian Loe Frasers Property Limited Jason Leong Jip Van Driest Chew Hang Song Chuiling Lee William Raynor Capri by Fraser Novotel Sydney Darling Square Novotel Melbourne on Collins #fraserproperty #fraserhospitality #sustainability #hotels #hotelnews #hospitality #hotelmanagement #sustainabilityrealestate #esg #gresb #hotelinvestment

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Western Sydney Gaming leasehold sold by HTL Property The leasehold interest in the popular Town Tavern sold by Andrew Jolliffe, Daniel Dragicevich and Sam Handy of HTL Property. The hotel sits within a retail tenancy, and is immediately adjacent the Blacktown train station and bus interchange. In addition to the term left to run on the Lessee’s lease, the sale also included ownership of both the liquor licence and very valuable 30 gaming machines licences. The macro investment fundamentals for the business were also considered to be compelling given there exists only one other competing hotel within the Blacktown CBD; in concert with strong forecast population growth and demand drivers being delivered by the Blacktown Quarter masterplan. “Western Sydney hospitality indexed businesses are highly sought after investment vehicles, and which enjoy the benefit of being attended to the largely unbridled population and infrastructure growth so apparent in this prosperous part of the city” advised HTL Property Managing Director, Andrew Jolliffe. Read more on The Hotel Conversation: https://lnkd.in/g3wP9X-D Vikki Bush Rebecca Buckman Annabel Noonan Stephanie Pawlowski Nic Simarro James Carrick Paul Nyholt Brent McCarthy Glenn Price Ben Kennedy Xavier Plunkett James Smithers #htl #gaming #pubnews #hotelnews #htlproperty #hotelsforsale #hotelindustry

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Last night, members and guests of the Australian and New Zealand Business Councils came together at Hyde Hotel Dubai, Business Bay, for a fascinating night of discussion, centred around what it means to do business as an Australian or Australian company in Saudi Arabia. Todd Miller, Austrade Trade & Investment Commissioner, set the scene with an overview of market dynamics and the current economic drivers and then our three panellists dived straight into an in-depth panel discussion moderated by Carl Dowling - Partner at CBD Corporate Services, featuring Guy Parsonage, PwC Partner and Chief Experience Officer, and Warren Blore, CFO of Hero Experiences Group as they explored the opportunities and complexities of operating in Saudi Arabia. The three very different backgrounds of our panellists meant each came at the topic from unique perspectives, which made for some great discussions, and they covered a lot of  ground including: - What is an SME in the Saudi context, and what are the opportunities right now?  - How critical are supply chains to success?  - How are Australians perceived from a delivery perspective? The key takeaway from the night is that any success in Saudi Arabia needs to be built on a solid foundation of three key equally essential pillars: 1 - Knowledge of process - learning by doing and by investing in good advice 2 - Boots on the ground - senior and operational teams need to be in situ for the most part 3 - Relationships are critical - fostered with face-to-face engagement and built over time This is the first in a series of related events so follow Australian Business Council Dubai to find out more. Dr. Naim Maadad Joanne Crowther Lisa Meli Vanessa Abernethy Puja Tiwari #vision2030 #saudibusiness #saudiarabia @cbd, @carl @warren @guy, @todd @vanessa @jo @vision2030 @hero

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𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 | 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟱𝘁𝗵 – 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟭𝟬𝘁𝗵 𝟮𝟬𝟮𝟰 🗓 ⭐ Explore weekly curated report summaries with key insights, neatly categorised by organisation, sector, and geography—perfect for any real estate professional! #1 M3 Property | Alternative | Australia | Gold Coast Backpacker Market View | November 2024 #2 CBRE | Hotel | Global | Hotel Brand Performance | November 2024 #3 NAB | Multi | Australia | Commercial Property Survey | November 2024 ⭐ To access the full report, please ask in the comment section! #CommercialRealEstate #MarketReports #PropertyInvestment #Australia

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The biggest settled site sales so far this year have been on the Surfers Paradise dress circle, where KTQ Group received approval for Seren, a mixed-use, luxury hotel and branded residence building at 27 Garfield Terrace. They sold that 2,025 sqm site, with plans for 60 hotel rooms and 60 luxury apartments above, starting at 350 sqm, for $56 million to a company linked to Hong Kong interests. The latest Colliers Apartment Market Report shows a surge in demand for premium beachfront residential development opportunities across the Gold Coast, with several transactions already exceeding $30 million in 2024. “Despite market challenges, demand for premium sites has remained remarkably resilient,” said Troy Linnane, Director of Collier’s Residential. Developers are also increasingly recognising the strategic advantage of bringing construction in-house, a trend identified in the Colliers Apartment Market Report as essential for managing timelines and costs amidst ongoing constraints in external builder capacity. “Local developers who have the experience and build solutions in place are particularly well-positioned to capitalise on these opportunities,” said Jackson Robinson, Residential Executive at Colliers’ Gold Coast. Read more below. Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 17,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡  New project launches and updates 💡  What buyers are searching for on AU’s largest off-the-plan buyer platform 💡  Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market.

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Driving Growth in Football: InsideEDGE Powers Facility Audits for AFL's Ambitious Expansion! 🎯 We're thrilled to be at the forefront of transforming the landscape of Australian football!  insideEDGE Sport and Leisure Planning’s Sports Facility Auditor software, in association with the AFL - Australian Football League, is playing a pivotal role in auditing football facilities across the nation, fueling the league's ambitious goal of reaching one million participants! Here's how InsideEDGE is driving this transformative journey: Comprehensive Audits: InsideEDGE's powerful software isn't just about numbers—it's about insights! By allowing the AFL to conduct thorough audits of facilities, we're providing the AFL with invaluable data to identify areas for improvement and ensure every player has access to the right level of facilities. Strategic Investment: Backed by $1 billion of investment, the AFL's expansion plan is set to redefine the future of Australian football. InsideEDGE's audit software is a key component in ensuring that every dollar is strategically allocated to maximise impact and drive growth at all levels of the game. Scalable Solutions: From local clubs to major stadiums, InsideEDGE's software is adaptable to facilities of all sizes. Our scalable solution ensures that no matter where you play or watch the game, the data collection process is efficient, and of the highest quality. Together, let's propel Australian football to new heights, one audit at a time! #InsideEDGE #AFLExpansion #sportsfacilityauditor  

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Why am I not surprised by the recent success of Adelaide's hotel industry? With now record levels of hotel occupancies among the highest levels of hotel occupancies in Australia. The International Hoteliers Conference, held in Adelaide for the third year in a row, was a hit, and over 1,000 international hoteliers are returning next year. It seems they can't get enough of Adelaide's charm. Over the last 18 months, Adelaide's Hotels have achieved the highest hotel occupancies in Australia, reaching 90% and beyond. Adelaide has emerged as a solid national tourism destination, attracting visitors from all over. Despite Adelaide's new 5-star International Hotel, the Sofitel, being recently sold at a record $600,000+ per key, https://lnkd.in/d5rF3Gd5 Interestingly, the new Sofitel is not in a prime location compared to the latest 5-star Marriott International Hotel, which will open soon in the prestigious Victoria Square. This area is the epicentre of significant events in South Australia, including "Tasting Australia," which drew over 60,000 people, almost 50% of whom were national visitors. https://lnkd.in/dd6_PCEy The city's vibrant events, such as the Adelaide Festival of Arts and the Adelaide Fringe, which recently sold over 1 million tickets, continue attracting locals and national visitors. #Adelaide #Nationaltourism

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Though tourist arrivals are up 42% and REVPAR is 23% over 2019’s, positive regional demographics mean Australia’s hotel market has room to grow. Read more in Savills Prospects. http://sav.li/azf #hospitalityindustry #hospitalitysector #realestateinvestment #SavillsProspects

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