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September 6, 2018
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Australia: Scarcity Sees Sydney Luxury Hotel Room Values Soar


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Strong investor demand combined with a lack of stock, very limited supply growth and sustained outperformance have created a perfect storm for Sydney’s five-star hotel market, according to Savills Hotels.

Michael Simpson, managing director of Savills Hotels, said the old metrics no longer apply. “Sydney five-star CBD properties have been by far the strongest performer across the Australian hotel market for the past few years and there are extremely limited opportunities to get a piece of the action,” he said.

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