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Crystalbrook Adds Fantauzzo to Hotel Portfolio – The Urban Developer
The Fantauzzo’s sale is continuing to strengthen the Brisbane hotel market position as one of the strongest locations in the country: CBRE
^Source: CBRE Hotels, STR
CBRE hotels national director Wayne Bunz said Queensland, and Brisbane in particular, were currently the most sought-after
hotel investment markets in Australia, with further transactions pending.
This deal represents the first major Australian hotel sale in 2020 during Covid-19, signalling that investors anticipate a recovery in the hotel sector, Bunz said.
The Fantauzzo is already recording strong weekend occupancies, underpinned by its location in one of Austral…
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