New rooms won’t scare Queensland hotel buyers

first_imgQueensland’s hotel property sector is expected to continue to see strong transaction levels, despite an influx of new room supply that is predicted to impact on Brisbane’s older and lower grade stock.Colliers International’s new Hotels Research and Forecast report predicts that activity within the state’s regional markets should improve where trading conditions have stabilised and business demand proves sustainable.Colliers International national director of valuation – hotels, Baden Mulcahy says a lack of stock in other key markets would continue to drive interest in regional Queensland.Read the full story on Commercial NewsMore from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor9 hours agolast_img

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