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\u2019s rapidly growing
accommodation sector and marks Meriton\u2019s first acquisition in the management rights space in
Queensland. The landmark transaction underscores Hotel Resort Sales\u2019 expertise in connecting
leading operators with premium management rights opportunities.<\/p>\n\n\n\n
The properties, situated side by side in sought-after inner-city Brisbane CBD, offer strong
investment potential and align with Meriton Group\u2019s strategic expansion in the region.
\u201cThis transaction highlights the ongoing strength of Brisbane\u2019s management rights market and
the confidence that top-tier investors have in its long-term growth,\u201d said Craig Johnson, owner at
Hotel Resort Sales. \u201cWe 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.\u201d<\/p>\n\n\n\n
John 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\u2019re
actively looking for similar quality opportunities in Sydney, Brisbane and The Gold Coast.”<\/p>\n\n\n\n
For 60 years, Meriton has grown to become Australia\u2019s 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.<\/p>\n\n\n\n
Hotel Resort Sales remains committed to delivering exceptional brokerage services, leveraging
deep market knowledge to connect buyers and sellers for optimal outcomes.<\/p>\n\n\n\n
For further information, please contact:
Rebecca Johnson – Director
Hotel Resort Sales
www.hotelresortsales.com.au
rebecca@hotelresortsales.com.au
P: 1300 946 921<\/p>\n","protected":false},"excerpt":{"rendered":"
Hotel Resort Sales is excited to announce the successful completion of a major transactioninvolving the combined sale of three premier management rights businesses in Brisbane…<\/p>\n","protected":false},"author":1093,"featured_media":4857,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_mbp_gutenberg_autopost":false,"footnotes":""},"categories":[7,4],"tags":[],"class_list":["post-4856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-interest","category-the-management-rights-market"],"_links":{"self":[{"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/posts\/4856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/users\/1093"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/comments?post=4856"}],"version-history":[{"count":1,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/posts\/4856\/revisions"}],"predecessor-version":[{"id":4858,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/posts\/4856\/revisions\/4858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/media\/4857"}],"wp:attachment":[{"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/media?parent=4856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/categories?post=4856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/tags?post=4856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}