Choice Hotels adds four new-build properties

by

Choice Hotels adds four new-build properties
INGOT Hotel Perth

Choice Hotels Asia-Pac has started the year with an aggressive acquisition strategy as it partners with four new-build hotel properties across Australia and New Zealand.

 

The pipeline of activity will add 431 rooms to the group, with new properties secured across Victoria, Western Australia and Christchurch, New Zealand.

 

Commenting on the new property growth and the group’s 2018 outlook, Choice Hotels Asia-Pac CEO, Trent Fraser said: “Our goal for 2018 is to see significant growth in our portfolio size and it’s great to start the year with a series of new-build announcements. Our development team also has a significant pipeline of other opportunities across the Asia Pacific that they are pursuing, putting us on target for another successful year.

 

“Total construction investment from our franchisee partners across these four new build projects alone is estimated to be in excess of $100m, which shows confidence in the local economy, as well as creating jobs through construction and ongoing operation of each property,” added Fraser.

 

The four new-build hotels span the company’s brand suite and will be completed over the next six months to three years. Due to become the group’s largest property in Australia with 214 rooms when complete, INGOT Hotel Perth, an Ascend Hotel Collection Member will be a great addition to Choice’s growing boutique brand.

 

Expanding Choice Hotels’ Victorian accommodation offering will be the Quality Hotel Flemington, located close to Flemington Racecourse and comprising 100 rooms, and the Quality Hotel Lakeside Bendigo, located on the picturesque Lake Weeroona Park, featuring 80 rooms, a restaurant and conference space.


RARE COASTAL LEASEHOLD MOTEL IN BOOMING HERVEY BAY
Freehold Caravan Park For Sale
Prime Beachfront Business with Huge Upside!
A Rare Investment Opportunity with Exclusive Zoning & Breathtaking Ocean Views! | Resort Brokers ID : MR008560
17 acres of Freehold Beachfront Caravan Park - 35 mins from Launceston | Resort Brokers ID : FH008562
Profitable Motel Investment Opportunity in Melbourne, Victoria!
Business Only, Nearly New Complex, Permanent MLR in Brisbane Southside
Leasehold Waterfront Motel Brand New Setup 5 Rooms Fully Licensed Restaurant and Gym
Acquire Popular MR Business - Long agreements with manageable duties | Resort Brokers ID : MRB008554
Premier High Net Holiday Business in supercharged Byron Bay market! | Resort Brokers ID : MR008547
Sought after Surfers Paradise MR offering balanced lifestyle and solid income | Resort Brokers ID : MR008415
Huge Income and Rare Opportunity - Student Accommodation MR Business in Brisbane
Section with Million Dollar Views
Established Cafe, Restaurant & Bar Business For Sale - Methven, Mt Hutt Village
A Boutique Tourism Opportunity on the West Coast
TENDER OPPORTUNITY – Verano-Noosaville CTS 32594 - Caretaking Management Rights
Tourist Mecca - Freehold Investment
A RARE TRIFECTA, WITH GREAT REWARDS - 1842ML