Abu Dhabi moves on Australian hotels
The Abu Dhabi Investment Authority (ADIA) has bought a portfolio of 31 Accor hotels across Australia.
The deal, believed to be worth A$800 million, will see ADIA take over Tourism Asset Holdings, Australia’s largest hotel company, reports Bloomberg.
The Abu Dhabi Investment Authority is one of the world’s biggest sovereign wealth funds.
The hotels will continue to be operated by Accor, Tourism Asset Holdings said.
Rob Cross, regional director for hotels at CBRE Group, said overseas investors are seeing Australia "as a very transparent and secure property market".
Ian Jarrett
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025