Prime Square - Hotel Development and Investment Advisory | News
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Australian developer, Perri Projects, has appointed international award-winning designer hotel owner operator, Ovolo, as hotel manager for its $50 million South Melbourne project, expected to open in 2020. Located at 183-199 Moray Street, the 100 room, Upper Upscale, six-storey designer hotel, will bring Ovolo’s signature ‘effortless...

Barnes Capital has signed a management agreement with IHG to open a new hotel in Lilydale, the gateway to the famous Yarra Valley in Victoria, Australia. The 170-room, new-build Voco Yarra Valley is slated to open in 2021. The building, which will have six levels on...

STR’s preliminary data for Melbourne hotels in 2017 is in, and it is showing another strong year for the city’s lodging industry. All KPIs are up over the previous year. -Supply: +2.3% -Demand: +3.2% -Occupancy: +0.8% to 81.8% -Average daily rate: +2.1% to AUD192.94 -Revenue per available room: +3.0% to...

Congratulations to Ovolo Hotels with a presence in four Australian key cities : Canberra, Sydney, Melbourne and Brisbane. Ovolo adds Canberra's Hotel Hotel to growing Australian portfolio (Australian Financial Review). Hong Kong boutique chain Ovolo has secured its third Australian hotel in just seven months, acquiring the rights to manage...

Prime Square is proud to call the Ovolo Group a client and a friend. HongKong's Ovolo snaps up Brisbane's Emporium Hotel for $40m (Australian Financial Review) Hong Kong-based boutique hotel chain Ovolo has snapped up the Emporium Hotel in Brisbane's Fortitude Valley for about $40 million in...