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NEXT Hotel Brisbane has sold to the Salter Brothers

The NEXT Hotel Brisbane has sold to the Salter Brothers (formerly SB&G Group) in a deal brokered exclusively by JLL.


Key points:

  • NEXT Hotel Brisbane sold to the Salter Brothers (formerly SB&G Group)

  • 4.5-star, 304-key hotel with retail

  • Brokered off-market by JLL Hotels & Hospitality Group


The NEXT Hotel Brisbane has sold to the Salter Brothers (formerly SB&G Group) in a deal brokered exclusively by JLL.


The property features a 304-room hotel operated by NEXT Story Group and includes a prime retail component, fronting Queen Street Mall in Brisbane CBD.


Tom Gibson, Vice President of JLL’s Hotels & Hospitality Group, together with Simon Rooney, Head of Retail Investments Australia for JLL, brokered the deal off-market.


“This is a timely acquisition for Salter Brothers to enter Brisbane as the market begins to mature with its record wave of private and public demand-supporting projects underway,” Mr Gibson said.


Brisbane is experiencing a hotel influx with the introduction of the W Brisbane, Westin Brisbane, Calile James Street and Emporium South Bank.


Melbourne-based Salter Brothers is a global fund manager with a focus on specialist property, credit & private equity, including the ownership of multiple hotel assets in America and Australia. With the addition of NEXT Brisbane, Salter Brothers hotel portfolio now expands to over 2,400 rooms with seven hotels across Sydney, Melbourne, Canberra, Brisbane and the Gold Coast.