After previous attempts by four other agencies since mid-2021, CBRE announce the successful sale of the Amelia Hotel Brisbane to a private NSW based investment group.

The purchasing group also own the Australia Park Motel Albury.

CBRE Hotels’ Hayley Manvell and Taylor Morris led the sale on behalf of the vendor, following an expressions of interest (EOI) campaign which attracted over 100 enquiries.

The transaction was finalised at approximately $4.5 million, which represented a price per key of $265,000.

This is the fourth Brisbane hotel sold year to date, after the sales of ibis Budget Brisbane, Pacific Hotel Brisbane and PA Apartments, all by CBRE Hotels.

The Amelia Hotel, renowned for its eclectic design, offers 17 uniquely styled guest rooms equipped with modern amenities. The boutique property also features a guest laundry, 24-hour reception, a café & bar, and a manager’s residence.

Situated on a 405sqm freehold land parcel in Fortitude Valley’s entertainment precinct, the hotel benefits from a prime inner-city location near key attractions, including Howard Smith Wharves, Brisbane CBD, Queen’s Wharf, RNA Showgrounds, James Street, and Victoria Park.

Hayley Manvell commented, “The property attracted considerable interest from investors, reflecting the continued strength of the Brisbane market. This sale reinforces Brisbane’s position as a key destination for both leisure and business travel, with the hotel sector continuing to demonstrate robust performance, particularly amidst the partial opening of the Queen’s Wharf precinct in August, mooted to attract an additional 1.4 million visitors to Brisbane each year”. 

Brisbane’s recognition as an international events capital has been further cemented by its selection as the Host City for 2027 Rugby World Cup followed by the 2032 Olympic and Paralympic Games. The city’s extensive schedule of music, sporting, and cultural events leverages its favorable climate throughout the year.

She further noted that “Brisbane is one of only two Australian cities to have outpaced pre-pandemic rates across all three indicators of Occupancy, ADR and RevPAR. Brisbane’s occupancy reached 82% in August 2024, outpacing all Australian cities and a rate not seen since 2017.

Brisbane is now demanding the second highest ADR nationally (to Sydney) sitting at $238 and RevPAR has now reached a record high of $196, in line with Sydney. The Brisbane hotel market is expected to continue its upward trajectory, supported by a robust local economy, increased tourist appeal, and significant infrastructure advancements.”

CBRE’s research indicates that the city's accommodation supply pipeline is markedly constrained compared to previous cycles, with only 193 new rooms under construction or to be delivered outside of the new Queens Wharf Casino. The new supply, largely centred in the luxury segment, positions Brisbane’s existing hotels favourably as demand continues to grow.

Related readings

Oaks Darwin Elan Hotel for sale by CBRE

South East Queensland’s Beechmont Estate for sale - CBRE

Gold Coast Runaway Bay Motor Inn for sale - CBRE