Recovering tourism industry boon for hotels

AUSTRALIA'S recovering tourism industry provides good opportunities for Mulpha Australia Ltd (MAL) to leverage on its six hotel properties although a few non-prime assets may come up for sale. 

Of the six hotels under its wings – Sheraton Brisbane Hotel, Hyatt Sanctuary Cove Hotel, Novotel Century Sydney Hotel, InterContinental Hotel Sydney, Melbourne Airport Hotel and Hayman Island Resort – it has received offers to buy Sheraton Brisbane Hotel and Novotel Century Sydney Hotel.