Hotel opposite Brisbane’s iconic Gabba Stadium sold off-market by Savills Hotels

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Dec 5, 2022

Hotel opposite Brisbane’s iconic Gabba Stadium sold off-market by Savills Hotels

The leasehold interest of Brisbane’s The Woolloongabba Hotel sold by Tony Bargwanna, National Director – Hotels QLD Savills Australia and Leon Alaban, National Director – Hotels QLD Savills Australia.

The Woolloongabba Hotel sold

After over 11 years of ownership, a private consortium has sold the leasehold interest of Brisbane’s The Woolloongabba Hotel via an off-market sale by leading agency Savills.

The hotel occupies a tenancy in the prime location of 803 Stanley Street, 2* kms south-east of the CBD, in The Gabba Central, anchored by Coles Shopping Centre. Supported by 18 specialty tenants including, Jetts Fitness and Australia Post, the hotel has existed on the prominent corner site since 1868.

According to Leon Alaban, National Director – Hotels QLD Savills Australia, “Gabba Central is well known for being close to the action of Gabba Stadium and a convenient shopping hub catering to locals and workers in the area”.

“This purchase is a strategic acquisition for the buyer, considering the vast amount of infrastructure projects in Woolloongabba’s pipeline”.

With Brisbane set to host the 2032 Olympic and Paralympic Games, the existing Woolloongabba cricket stadium will be re-developed in a $1-billion project, in order to serve as the main stadium for the Games, hosting the opening and closing ceremonies as well as athletics.

Adding to this, Tony Bargwanna, National Director – Hotels QLD Savills Australia said, “In addition to the Games, the planning arrangements for the future Woolloongabba Cross River Rail station will provide passengers with high frequency services, as well as improved access to The Gabba Stadium and Woolloongabba’s local entertainment district”.

The Hotels facilities include a main bar, dining area, gaming room with 11 EGM’s, there is an on-site bottleshop and three detached bottleshops.

“The Games and its associated infrastructure enhancements will see Woolloongabba transform into the hub of Brisbane. It will not only provide an easier way to access the suburb but will see an explosion of patronage to the area before, during, and after the Olympics, adding significant popularity and a growth in the area’s property prices”, said Mr Alaban.

To request a sales analysis please contact one of the selling agents Leon Alaban and Tony Bargwanna Savills Hotels Australia via the below contact details.