AUSTRALIAN hospitality group TPG Hotels has bought the Pacific Hotel Cairns on an initial yield of 4.3%, demonstrating the significant upside in the tropical north market, which is benefiting from an uplift in international flights. Located on a 3,570sqm CBD site at 43 Esplanade, the 4-star Pacific Hotel Cairns spans 11-storeys and features 207 rooms […]
Login or Subscribe to read this article and more...
Login or subscribe to Australian Property Journal (starting at $5.50 a week) to continue reading this story and other latest news.
