Friday, August 4, 2017

The first 5-star hotel arrives in Parramatta, Australia with the opening of SKYE Hotel Suites

Skye Hotel Suites Parramatta, Parramatta, Sydney, Australia

Iwan Sunito
SYDNEY, AUSTRALIA -- SKYE Hotel Suites Parramatta opens its doors this week, bringing unrivalled urban luxury to Sydney’s West. The highly-anticipated opening sees Crown Group lead the charge into Parramatta’s 5-star hotel market, elevating the suburb into Sydney’s second CBD.

Commenting on Crown Group’s move into the luxury hotels arena, Chairman & Group Chief Executive Officer Iwan Sunito noted, “Parramatta is a powerhouse for innovation and business and SKYE Hotel Suites will be a stand-out, luxury addition to Sydney’s up-and-coming West.

“Appealing to a new generation of domestic and international visitors to the city, SKYE Hotel Suites is designed to create a fresh lifestyle standard delivering superior apartment-sized suites for discerning travellers. It will also set the benchmark for future SKYE Hotels Suites openings in Sydney’s CBD in 2018 and Green Square in 2019.”

The building itself is an architectural centrepiece for Parramatta, achieved by twin visionaries Allen Jack + Cottier and Koichi Takada Architects. Located less than 300 metres from Parramatta Square and a short walk from Parramatta’s train station and ferry wharf, SKYE Hotel Suites is surrounded by high-end retail and cultural experiences.

Committed to the ultimate in guest luxury, SKYE Hotel Suites comprises 72 apartment-style suites with the finest bespoke furnishings and fittings.

Sven Almenning
 Each features L’Occitane toiletries, in- room dining from a modern on-site restaurant, pre-stockable maxi-bar, the unique ability to choose your own mattress firmness on each side of the bed, keyless entry and ‘virtual concierge’ tablets to enable access to all hotel services from each suite.

Amenities to delight even the most seasoned business traveller or the most demanding holidaymaker include a state-of-the-art gymnasium, pool, sundeck, spa, sauna and new restaurant, Husk & Vine Kitchen and Bar, which opened at lobby level on July 1.

Later this year cocktail legend Sven Almenning will also open a breathtaking 26th floor rooftop bar, overlooking Sydney’s iconic skyline.

For a complete copy of the company's new release, please contact:

Hwee Peng Yeo
Vice President
Glodow Nead Communications
San Francisco • New York • Singapore • Shanghai
Level 21, Centennial Tower, 3 Temasek Avenue • Singapore 039190
Level 15, One Corporate Avenue, 222 Hubin Road, Shanghai China, 200021
1700 Montgomery Street, Suite 203 • San Francisco, CA • 94111
US:415.394.6500 • Asia: 65.9768.6087 •  E:

National Retail Properties Announces Second Quarter 2017 Operating Results and Increased 2017 Guidance

Jay Whitehurst
Orlando, FL – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, announced its operating results for the quarter and six months ended June 30, 2017.

Jay Whitehurst, Chief Executive Officer, commented: “National Retail Properties enjoyed another impressive quarter, driven by our healthy portfolio, our selectively underwritten acquisitions, and our flexible, low leverage balance sheet, all of which has positioned us to raise our guidance and, as previously announced, to raise our common dividend for the 28th consecutive year, a record matched by only three other REITs and less than 90 public companies in the United States.”

Second Quarter 2017 Highlights:

Kevin Habicht
• FFO per share increased 5.4% over prior year results
• Core FFO per common share increased 8.5% over prior year results
• AFFO per common share increased 8.3% over prior year results
• Portfolio occupancy was 99.3% at June 30, 2017 as compared to 99.1% at March 31, 2017 and 99.0% at December 31, 2016
• Invested $299.5 million in property investments, including the acquisition of 140 properties with an aggregate 832,000 square feet of gross leasable area at an initial cash yield of 6.9%
• Sold eight properties for $9.3 million producing $2.7 million of gains on sales, net of non-controlling interests
• Raised $25.1 million net proceeds from the issuance of 583,946 common shares.

 National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases.

For a complete copy of the company’s news release, please contact:

Kevin B. Habicht
Chief Financial Officer

(407) 265-7348

Marcus & Millichap Arranges $1.65 Million Sale of 20-Unit Vista Gardens Apartments in Tampa, FL

Joshua Teplitzky

TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Vista Gardens Apartments, a 20-unit apartment property at 3809 West Iowa Avenue in Tampa, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $1,650,000.

Joshua Teplitzky, Francesco P. Carriera and Michael P. Regan, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  

The buyer, a private investor, was also secured and represented by the three brokers.
“Vista Gardens represents a transaction sold by our team twice within eleven calendar months,” says Teplitzky. 

“In a combined effort of working with the owner and putting a business plan in place, we increased the value of the underlying asset by 58% within a very short time frame,” added Teplitzky.
“The buyer acquired the property at the list price and increased his holdings within the Port Tampa submarket to over 100 units in addition with another property we sold him earlier this year,” concluded Teplitzky.

For a complete copy of the company’s news release, please contact:

Ari Ravi
Regional Manager, Tampa
(813) 387-4700