Brisbane to get another 5-star hotel
The former Brisbane Supreme and District Courts site has been sold for $63 million to the Shayher Group, part of the Taiwan-based Par Jar Group, which will construct a mixed use precinct that will be centered on a five-star hotel.
As well as the 190-room hotel, the 7892m² site will have a residential and serviced apartment tower with a gross floor area of approximately 65,000m². In addition, there will also be a commercial office tower of about 45,000m².
Tourism minister Jann Stuckey said the hotel would go some way to addressing Brisbane’s hotel room shortage, estimated to cost the local economy $136 million and 87,000 visitors a year. “Creating new hotel-style accommodation will be an important part of reversing that trend, with this project set to add 190 new rooms in a five-star hotel building,” she said.
The design is yet to be finalised and its ultimate height is still to be announced.
The former court house was built in the late 1970s to replace the original 1800s building that was designed by the colonial architect F D G Stanley and was built by the Petrie Construction Co. It was destroyed by fire in 1968. The site was placed on the market by the Bligh government after the construction of the Queen Elizabeth II court house site last year.
Public works minister Tim Mander said, “Shayher Group would commence early site works as soon as possible, giving the construction industry a much needed boost – both in job creation and investment stimulus.”
The Shayher Group is understood to have beaten Charter Hall Group and Mirvac Group in the tender process that closed last August.
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