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Quest South Brisbane Hotel
- Quest South Brisbane, a fully leased hotel, is now on sale. It boasts a long-term lease under national Quest branding until 2023.
- The property is ideally positioned for growth, with major infrastructure developments underway in preparation for the 2027 Rugby World Cup and the 2032 Olympic and Paralympic Games.
Brisbane is a city on the rise! And with the Quest South Brisbane hitting the market, you could dive right into the heart of the action. This fully leased hotel, located at 46 – 50 Water Street, is a golden opportunity for savvy investors looking to secure a high-performing hotel and travel industry asset.
Raymond Tran and Hayley Manvell of CBRE Hotels handle the sale via an Expressions of Interest campaign. The hotel operates under a long-term lease with the national Quest branding, backed by a productive partnership with Ascott until 2023.
The location is a significant selling point. Nestled near the bustling Queen’s Wharf Casino precinct, one of Brisbane’s priority development areas, the hotel is in the perfect position to benefit from the city’s anticipated growth. With significant infrastructure developments in the pipeline for the 2027 Rugby World Cup and the 2032 Olympic and Paralympic Games, Brisbane is a city gearing up for international attention.
The Quest South Brisbane is more than just its prime location. It stands on a 1,147sqm freehold site with 64 rooms, each packed with modern amenities. Guests can enjoy an outdoor pool, a well-equipped gym, and a rooftop terrace offering stunning 360-degree views of the Brisbane skyline and river.
Manvell pointed out that long-term leased hotel investments like this are highly sought after due to their stable and secure income potential. With Brisbane’s limited accommodation supply and rising construction costs deterring new builds, the value of existing hotels is soaring.
The hotel’s location near South Bank’s Parklands, Streets Beach, and various cafes, restaurants, and shops make it attractive for many guests. It’s also conveniently close to healthcare facilities such as the Mater Hospital, Queensland Children’s Hospital, Princess Alexandra Hospital, and the Ecosciences Precinct.
The Expressions of Interest campaign closes on Thursday, 28 November 2024.
