CBRE Releases Qld Hotels MarketView

Front page image of CBRE Queensland Hotels MarketView 2ndQtr 2012CBRE’s second quarter Queensland Hotels MarketView poses a somewhat mixed picture for the state.

Strong indications of a market turnaround in some sectors and regions, namely corporate markets and those with exposure to the resources boom, are detailed whilst NQ’s leisure market is seeing some positive trending in room occupancy rates.

According to the report the shadow of distressed pub sales has caused a disconnect between pub vendors and purchasers thus limiting the sale of larger pubs in Queensland although demand for sub $10-million assets remains solid.

On the home-front Green Finance Group has been actively involved in the successful procurement of finance for some of Queensland’s recent larger pub transactions and there are still competitive, flexible funding options available to suit current market conditions.

Whilst short-term growth predictions are seemingly subdued, the prospects for long term growth are highlighted with the report citing a combination of the LNP’s focus on Queensland Tourism (in the form of an election promise to double overnight visitor spending to $30 billion by 2020) and general industry sentiment that the market has bottomed out are providing good opportunities for the ‘opportunistic investor’.

CLICK HERE to download your copy of CBRE’s Queensland Hotels MarketView – 2nd Quarter 2012.