Holiday Inn Express gains momentum in Australia

Holiday Inn Express Sydney Macquarie Park

Sydney-based private investment firm Pro-invest Group will build a Holiday Inn Express on a $30-million tract of land it acquired in Melbourne’s central business district.

Pro-invest bought two adjoining buildings in an off-market deal brokered by CBRE’s Melbourne City Sales team. As part of a multiple-franchise agreement with IHG, the company has more than a dozen Holiday Inn Express properties in the works, including another in Melbourne announced last year. Earlier this year, the company opened Australia’s first Holiday Inn Express in Sydney, and will be rolling out IHG's Even brand across the country. 

Three years ago, as part of a $150-million deal with IHG, Pro-Invest created a property development and hotel operating company to build and operate an initial 15 Holiday Inn Express hotels, totaling approximately 2,100 rooms, in central business, suburban and airport locations in Sydney, Melbourne, Perth and Brisbane. 

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


Melbourne's Appeal

2016 has been a boom year for Melbourne's hotel scene, particularly in the western side of the city's central business district. CBRE’s Josh Rutman  said that despite recent barriers on development imposed by the government and banks, the Melbourne CBD and surrounding city fringe areas have seen an influx of capital seeking out development sites.

“Both residential and hotel developers are taking a longer term view that Melbourne’s strong growth forecasts are sound and this should see them receive a terrific return on their investment,” he told The Australian.

Suggested Articles

Occupancy, rate and revenue all were down from August, but not by significant amounts.

Patrick Barrett, Younes Atallah and Reggie Dominique will lead hotels in New Orleans, Santa Monica and Los Angeles, respectively.

Radisson Individuals aims to bring independent hotels and local, regional chains into the global Radisson Hotel Group platform.