Business Services Industry
Fund lands Surfers hotel deal.
Australasian Business Intelligence, July, 2003
Jul 01, 2003 (The Australian Financial Review - ABIX via COMTEX)
The Commonwealth Property Hotel Fund (CPHF) has bought the Marriott Hotel in Surfers Paradise for $A60 million. The purchase coincides with the Sunland Group's move to sell its Legends Hotel. CPHF fund manager Selliah Kalyanakumar said the fund still has a close relationship with Marriott, as the chain manages CPHF's assets. The deal was negotiated by Jones Lang LaSalle Hotels' Mike Batchelor and David Gibson. CPHF's past acquisitions include the Brisbane Marriott Hotel, Melbourne's Rockman's Regency Hotel, and Sydney's Renaissance Hotel.
Publication Date: 2 July 2003
COMMONWEALTH PROPERTY HOTEL FUND:
MARRIOTT SURFERS PARADISE RESORT:
SUNLAND GROUP LIMITED - ASX SDG:...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express