The Gravanis brothers pick up Brisbane’s Oakwood hotel for $50 million

·

Sydney’s hospitality kings, Bill and Mario Gravanis, have struck a $50 million deal to buy the Oakwood apartment hotel in Brisbane from Singapore real estate giant, Mapletree Investments, The Australian Financial Review reports.

The acquisition of the 11-storey building – overlooking the Brisbane River and perched at the entrance to the city’s Storey Bridge – follows the Gravanis brothers buying Long Island in the Whitsunday’s in May for about $20 million, with plans to redevelop the resort.

The Gravanis brothers bought Long Island for $20 million.

Oakwood Hotel & Apartments Brisbane at 15 Ivory Lane offers 162 serviced units as well as amenities such as a gymnasium, business centre, restaurant, and swimming pool.

It will add to an already substantial portfolio of accommodation assets owned by the Gravanis brothers including Novotel hotels in Sydney and Wollongong, alongside one of NSW’s biggest pub portfolios.

Source: The Australian Financial Review.

Cretan Convention - Web Banner

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Sydney shines as Greek Film Festival celebrates 30 years of cinema and culture

The 30th Greek Film Festival of Sydney opened in spectacular fashion on Tuesday night with Kapetan Mihalis.

Celebrate the 113th anniversary of Lesvos’ liberation at Mytilenian House in Sydney

The Mytilenian Brotherhood of Sydney and NSW is set to celebrate the 113th Anniversary of the Liberation of the Island of Lesvos.

Luncheon raises $95,000 for Holy Monastery of St John in Western Australia

The Greek Orthodox Diocese of Perth hosted a fundraising luncheon on Sunday, October 12, at the Archdiocese Conference Room in Dianella.

‘Kapetan Mihalis’ opens 30th Greek Film Festival in Melbourne

The 30th Greek Film Festival, presented by the Greek Community of Melbourne (GCM), officially opened Tuesday, October 14.

Greek Deputy Foreign Minister Ioannis Loverdos strengthens bilateral ties in Canberra

Greece’s Deputy Minister of Foreign Affairs for Greeks Abroad, Ioannis Loverdos, has continued his official visit to Australia in Canberra.

You May Also Like

Nick Kyrgios finds new romance with Russian tennis star Anna Kalinskaya

Greek Australian tennis star Nick Kyrgios appears to have a new interest off the tennis court after being sidelined from the Acupulco Open with an injury.

Money talks: Téa Angelos redefines success for women everywhere

Téa Angelos has remained steadfast in her goal to educate and empower women towards an independent and fruitful future.

Candalepas Associates win at the 2024 National Architecture Awards

Candalepas Associates have won in two categories at this year’s National Architecture Awards. Read more here.