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News release

Brisbane

The Fox Hotel sold

One of Brisbane’s biggest and busiest hotels changes hands


​JLL Hotels & Hospitality Group are delighted to announce the off-market sale of the long term leasehold interest of The Fox Hotel, South Brisbane to national operator Colonial Leisure Group.

The Fox Hotel is located on one of the busiest streets in Brisbane and boasts an enormous trading space spread across four levels. The hotel encompasses a gaming room (10 EGM's), public bar, bistro, multiple break away function spaces, culminating with the renowned rooftop bar that overlooks the Brisbane CBD. 

The transaction forms part of circa $55 million worth of recent Queensland hotel sales including Melbas Tavern ($12.5 million) to Leda Holdings owner Bob El, and the recent acquisitions of The Boathouse Tavern ($13.9 million) and the Treetops Tavern, Burleigh ($20 million) by a Sydney based pub syndicate.

The sale was conducted by Tom Gleeson, Associate – Investment Sales, based in Brisbane and John Musca, National Director – Investment Sales.

Mr Gleeson said, "The growth within both the venue and surrounding area has been exceptional and combining South Brisbane's enormous infrastructure and development work with CLG's operational nous, all the ingredients exist to take the Fox Hotel to the next level".

CLG were also the recent purchasers of the long-term leasehold interest in the Newtown Hotel for $9 million in their first acquisition in Sydney. Musca said, "It was a real privilege to have executed the two largest food and beverage centric leasehold hotel sales nationally for some time, and to facilitate the introduction of market-leading operators CLG, and their raft of brands, into two new capital city locations."

"These sales highlight national hoteliers' and hospitality operators continued appetite for portfolio spread across capital city locations and large, high profile opportunities of this calibre offering invaluable branding and trading opportunities are rare. The transaction represented a perfect fit for both vendor and purchaser." said John Musca.

The Fox Hotel was purchased by national operators Colonial Leisure Group.