Hotel Resort Sales Facilitates Landmark Sale of Three Brisbane Management Rights to Meriton

by Hotel Resort Sales 2nd of July, 2025

Broadway on Anne

Hotel Resort Sales is excited to announce the successful completion of a major transaction involving the combined sale of three premier management rights businesses in Brisbane to Meriton Group. Acquired from Aurora Assets Management Group, the properties include Newstead Towers, Broadway on Ann, and Aqua Newstead comprising of over 710 lots.

This multi-million-dollar deal represents a significant milestone in Brisbane’s rapidly growing accommodation sector and marks Meriton’s first acquisition in the management rights space in Queensland. The landmark transaction underscores Hotel Resort Sales’ expertise in connecting leading operators with premium management rights opportunities.

The properties, situated side by side in sought-after inner-city Brisbane CBD, offer strong investment potential and align with Meriton Group’s strategic expansion in the region.

“This transaction highlights the ongoing strength of Brisbane’s management rights market and the confidence that top-tier investors have in its long-term growth,” said Craig Johnson, owner at Hotel Resort Sales. “We are proud to have facilitated this deal and look forward to continuing our role as a trusted leader in the management rights industry throughout Queensland.”

Jon Elliot, Head of Operations at Meriton affirmed "These assets are a strong strategic fit for our portfolio, and we look forward to delivering long-term value for investors and residents. We’re actively looking for similar quality opportunities in Sydney, Brisbane and The Gold Coast."

For 60 years, Meriton has grown to become Australia’s largest and most successful residential developer, having built, sold, leased, and managed more than 77,000 residential apartments and mixed-use precincts across Sydney, Melbourne, Canberra, Brisbane, and the Gold Coast.

Hotel Resort Sales remains committed to delivering exceptional brokerage services, leveraging deep market knowledge to connect buyers and sellers for optimal outcomes.