Up to 15 Australian hotels were passed in this year due to sellers’ unrealistic price expectations as buyers wait patiently for reasonable offers to be accepted.

Two years of a global pandemic—with little sign of it truly abating—has meant that picky buyers can spend months negotiating prices as they await further clarity on how Australia, and the world, will handle any new movement restrictions.

Prominent hotels that failed to sell in 2021 included the Rydges Sydney Airport Hotel, Novotel Melbourne South Wharf, Rydges Sydney Harbour, Novotel and Ibis hotels at Darling Harbour, Rydges North Sydney and the Jasper Hotel in Melbourne.