Singaporean investor buys Brisbane's Adina Apartment Hotel

A Singaporean investor has put up AUD$50 million to acquire The Adina Apartment Hotel in Brisbane, Australia, outbidding fund manager Galileo in the process, reports The Australian. The 162-room hotel is on the edge of Brisbane’s central business district.

The sellers, Toga Far East Hotels (TFE), a joint venture between Far East Hospitality Holdings and Toga Group, are reportedly selling the hotel to develop another Adina Hotel closer to the Brisbane CBD.

TFE recently bought a sandstone-clad heritage-listed 171 ­George Street, Brisbane, property near the popular Queen Street Mall precinct to develop into a ­luxury Adina property.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


The Adina Apartment Hotel in Ivory Lane was listed with Mark Durran of Jones Lang LaSalle ­Hotels and Seb Turnbull of Jones Lang LaSalle’s Brisbane office.

TFE is not the only hotel management group intent on building more luxury accommodation in Brisbane, reports The Australian. In early 2018, Brisbane will get a new W Hotel on George Street with views of the Brisbane River. It will have 280 guestrooms and 25 suites.

Read more on

Suggested Articles

SVC plans to transfer the branding and management of 98 Marriott hotels to Sonesta.

Shortly after acquiring six hotel portfolios from Colony Capital, Highgate has assumed management of Trust Hospitality’s portfolio of 22 properties.

The Kelley House is one of the five oldest hotels in the U.S., taking up six buildings in Edgartown, Mass.