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.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

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

Advertisement

Latest News

Fifty years strong: Celebrating the enduring legacy of Modern Greek at Sydney University

The Department of Modern Greek at the University of Sydney marks its milestone 50th anniversary this year and to celebrate, more than 100 past...

HACCI SA celebrate one year since revival with annual Parliament House event

By Peter Tantalos The South Australian Hellenic Australian Chamber of Commerce and Industry (HACCI SA) commemorated the first anniversary of its revival by hosting its...

AHEPA NSW to mark 90 years of service

AHEPA NSW will mark 90 years of service to Hellenism and to Australia since the founding meeting at the northern NSW town of Werris...

Tom Koutsantonis MP gets extra portfolio in SA Cabinet reshuffle

In a recent South Australian government cabinet reshuffle, Tom Koutsantonis was given an extra portfolio following the resignation of Independent MP, Geoff Brock. According to...

Stefanos Tsitsipas knocks back Maria Sakkari’s Olympics offer for ‘dream with brother’

Greek tennis champion, Stefanos Tsitsipas has revealed that he is unlikely to play mixed doubles with his Greek compatriot, Maria Sakkari at the 2024...

You May Also Like

These are the Greek Australians fighting to keep SA’s snack bar tradition alive

The iconic snack bar in South Australia is a dying breed, The Advertiser has reported. But that hasn't stopped three Australians of Greek heritage...

Robert De Niro begins filming new movie ‘Tin Soldier’ in Thessaloniki

Filming has begun in the Greek city of Thessaloniki for the new action film, Tin Soldier, starring Robert De Niro, Jamie Foxx and Scott...

‘Ekato’ chronicles the enduring 100-year history of Australia’s Kytherian Association

The Prince Henry Centre in Little Bay, Sydney, was abuzz with excitement on Saturday, March 16, as it hosted the book launch for Ekato,...