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

Māori-Greek artist’s tribute to ancestors lights up Manhattan billboard

Māori-Greek artist Jimmy James Kouratoras has made a striking return to New York, with his painting Hei Tiki – For the Love of Our Ancestors.

Extraordinary Australians wanted for nation’s highest award

Now is the time to give recognition by nominating who you think should be considered for the 2026 Australian of the Year Awards.

European Parliament backs resolution to protect Christian minorities in Syria

The European Parliament has adopted a resolution by overwhelming majority calling for the protection of Christian minorities in Syria.

Konstantinos Argiros delivers emotional first-ever performance in Constantinople

One of Greece’s top pop stars, Konstantinos Argiros, performed in Turkey for the first time on July 10, delivering a sold-out concert.

Survivors pulled from Red Sea two days after Houthi strike on Greek cargo vessel

Four more survivors from the Greek-operated cargo ship Eternity C have been rescued from the Red Sea nearly 48 hours after the vessel sunk.

You May Also Like

Police seize 645kg of MDMA from Cyprus in Sydney

The 645-kilogram cache of MDMA is alleged to have been sent to Australia from Cyprus and hidden inside 200 barbecues, after a 6 month investigation.

Shooter Anna Korakaki takes the gold at the H&N Cup in Munich

Greek Olympic gold medalist and world champion shooter Anna Korakaki won a gold medal on Friday at this year’s H&N Cup in Munich, Germany, adding another accolade to her growing collection.

Greek and Cypriot Community condemn suspension of Kat Theophanous MP in letter to Premier of Victoria

Greek and Cypriot Communities of Melbourne have sent a letter to the Premier of Victoria to oppose the suspension of Kat Theophanous MP.