The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
6
print
Print
HotelAna NarvaezThu 28 Mar 19

Brisbane Welcomes New Addition to Busy Hotel Market

468deae8-66e0-457d-9509-5446f221e193

Brisbane has welcomed its newest hotel, the $100 million Art Series-branded the Fantauzzo, at the riverfront Howard Smith Wharves precinct.

The Fantauzzo is the latest addition to a market that was, until recently, known for its paucity of high-end hotels — new additions include Fortitude Valley’s the Calile and the $200 million Westin Brisbane in the CBD.

Queensland was Australia’s busiest hotel market in 2018, with $486 million in investment and 1,615 rooms coming on line, according to a recent Colliers hotel report.

The forecast for 2019 is much slower, with just 166 rooms forecast as supply exceeds demand in the short term.

CBRE’s Hayley Mantwell cites the new Brisbane airport runway set to be operational by 2020 and the $160 million cruise ship terminal as drivers of demand.

“Brisbane is expected to benefit over the longer term from new development and the extensive range of investment projects and initiatives currently under way and planned,” Mantwell said.

“CBRE forecasts market room rates to stabilise over the short term, followed by growth as a result of the quality of new product and increased demand from 2020.”

Related: Accor Replaces Hotel Manager After Racially Segregating Guests

The $100 million Art Series hotel has opened its doors at Howard Smith Wharves. Cieran Murphy.


Melbourne photorealist painter Vincent Fantauzzo is the artist behind the eighth hotel in the Art Series, with six of his original works and more than 500 prints adorning the walls of the 6-storey, 166-room hotel.

Accor owns the Art Series brand, after acquiring the Mantra Group in a $1.2 billion deal in June 2018. Mantra had snapped up the Australian-owned Art Series brand in 2017 for $52.5 million.

“It’s [t]he first Art Series hotel to open under our management, with guests visiting Brisbane from other parts of Queensland, interstate and overseas,” Accor Pacific chief operating officer Simon McGrath said.

The SJB-designed Art Series hotel welcomed its first guests on Tuesday.

HotelAustraliaBrisbaneReal EstateSector
AUTHOR
Ana Narvaez
The Urban Developer - Editorial Director
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Paperwork to Plate: The Rise of Brisbane’s Midtown

Taryn Paris
6 Min
Wel Co's Thornhill Park, 40km west of the Melbourne CBD.
Exclusive

Waiting for Victoria: Why Wel.Co says State Planning isn’t Working

Marisa Wikramanayake
6 Min
Woods Bagot Principal Alex Hall and Penny Place Adelaide
Exclusive

Amplified Affordability: Woods Bagot Cracks Housing Cost Code

Leon Della Bosca
8 Min
Goodman Brisbane Industrial EDM
Exclusive

Olympics a ‘Springboard’ for Brisbane’s Industrial Age

Clare Burnett
6 Min
Colliers build-to-rent head Robert Papaleo speaking at The Urban Developer's Build-to-Rent Summit in Melbourne.
Exclusive

Get Creative Before BtR Wellspring Runs Dry, Sector Urged

Marisa Wikramanayake
4 Min
View All >
Finance

Global Uncertainty Underwrites Australia as ‘Island of Stability’ for Investors

Taryn Paris
Cedar Woods Noble Park social housing HERO
Affordable & Social Housing

Cedar Woods Wins Nod for Noble Park Social Housing

Leon Della Bosca
Mandarin Centre EDM
Retail

Decade On, Mandarin Centre Redevelopment Revealed

Clare Burnett
The ageing five-storey retail and Asian food hub near Chatswood station was approved for a 30-storey office…
LATEST
Finance

Global Uncertainty Underwrites Australia as ‘Island of Stability’ for Investors

Taryn Paris
6 Min
Cedar Woods Noble Park social housing HERO
Affordable & Social Housing

Cedar Woods Wins Nod for Noble Park Social Housing

Leon Della Bosca
2 Min
Mandarin Centre EDM
Retail

Decade On, Mandarin Centre Redevelopment Revealed

Clare Burnett
4 Min
Exclusive

Paperwork to Plate: The Rise of Brisbane’s Midtown

Taryn Paris
6 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/brisbane-welcomes-newest-addition-to-busy-hotel-market