JLL Hotels & Hospitality Group launch the sale of Turbot House Hotel

In what is one of the most exciting value-add hotel investment opportunities to be offered to the market, Brisbane’s prominent Turbot House Hotel has today been listed for sale, presenting an outstanding opportunity to refurbish or re-position a superbly located CBD asset.

JLL Hotels & Hospitality’s Senior Vice President, Gareth Closter, has been exclusively appointed to handle the expressions of interest campaign.

Situated in a prominent CBD position just a short stroll to the $3.6B Queens Wharf development and proposed Brisbane Live precinct, the property occupies a 359sqm freehold site, features 58-keys and is being offered with vacant possession of brand and management.

“Turbot House Hotel is the first boutique hotel refurbishment opportunity in Brisbane for many years and simply one of the best located properties I’ve ever had the pleasure of marketing,” Mr Closter said.

Located just 600 metres from the soon-to-be completed $3.6B Queens Wharf development, and a close walk to other major landmarks including the Queen Street Mall, Suncorp Stadium and proposed Brisbane Live precinct, Turbot House Hotel has an array of demand drivers on its doorstep.

“With a 100/100 Tripadvisor location rating, Turbot House Hotel ideally lends itself to a boutique hotel refurbishment, just like we’ve recently seen with many other quality assets nationally, that showcases the charm of this historic building,” Mr Closter continued.

Alternatively, the market has several other options to consider including flashpackers/backpackers, student accommodation, co-living or a full residential conversion.

“Brisbane’s ‘story’ is very compelling, given the unprecedented level of development activity coupled with the consistent positive migration during the so-called ‘golden decade’ in the lead up to the 2032 Olympic Games,” said Mr Closter.

Turbot House Hotel is being offered for sale via Expressions of Interest closing Thursday 13 April 2023, unless sold prior.

To request more detail on the sale please contact the exclusive marketing agent at JLL Hotels & Hospitality, Gareth Closter, via the contact details below.