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Premium Brisbane hotel sold to overseas buyer

November 3, 2020 Hotel News No Comments

JLL Hotels & Hospitality Group has announced the sale of the Novotel Brisbane by CDL Hospitality Trusts to overseas hotel owner and operator, Amora Hotels & Resorts for $A67.9 million.

Described as in a prime Brisbane CBD position the Novotel Brisbane is prominently situated on the north-eastern edge of the CBD next to Central Railway Station and only a short walk from many of the city’s key demand generators and it had 296 guest rooms, a full-service restaurant and bar, a cafe, a ballroom and function rooms, plus 70 car bays, an outdoor swimming pool and gymnasium.

Novotel Brisbane is currently leased until early 2021 , under the Accor Novotel brand, when it will be rebranded and owner-operated by Amora Hotels & Resorts.

A report by John Alwyn-Jones

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