There are many reasons why a large majority of people buying motels today have been in the accommodation industry before. Many of the benefits of owning a motel are what keep people coming back to the [...]
WILL THE VACANCY FEE FOR FOREIGN OWNERS HAVE AN IMPACT ON SHORT TERM MANAGEMENT RIGHTS?
by Col Myers 20th February, 2018
Following a series of amendments in November 2017, foreign owners who have applied for FIRB approval after the 9th May 2017 may be liable for a “vacancy fee” where their residential properties are [...]
I have written previously about interest only finance and particularly the pros and cons of such a strategy. Setting aside the current pressure on lenders to restrict interest only funding I think it’s worth [...]
Aria Hotel sale caps off strong year for stand-out Canberra market
by Natasha Pierson - CBRE 08th February, 2018
Canberra’s hotel market continues to gain momentum as the nation’s stand out performer, with the sale of the Aria Hotel for $35 million capping off a strong year of sales activity for the nation&rsq [...]
by Graham Vercoe, Resort News Reporter 31st January, 2018
As editor emeritus of this wonderful magazine I have spent the first two years of my retirement visiting all the places I desire strictly for enjoyment.
The best bit is that I get to do it as a guest rather [...]
As I have said in previous Resort News articles, and at the risk of stating what to many might seem obvious, the most important piece of advice I can give potential sellers of a management rights business is to [...]
After attending the recent ARAMA Management Rights Industry Expos and listening to expert panelists on the Gold Coast, Sunshine Coast and in Brisbane, the overwhelming message to managers wishing to sell in [...]
by Paul Gaffney, The MBA Partnership 11th January, 2018
When the time comes to sell your management rights business, there are a number of things you can do to help maximise your sale price and ensure a smooth sales process.
Review your letting authorities [...]
by Graham Vercoe, Resort News Reporter 20th December, 2017
Quasi-hotels should be banned under reforms to the regulation of short-term holiday letting in NSW, demands the Accommodation Association of Australia, as the NSW government considers changes to the model for [...]