Oaks Hotels & Resorts, a division of Minor Hotel Group (MHG), has acquired the management and letting rights of Brisbane’s newest apartment development, Radius Apartments, in partnership with Brisbane-based developer Majella.
Officially opening in March 2016 as Oaks Woolloongabba, the addition of the new-build Oaks Woolloongabba, located in the vibrant, inner-city suburb of Woolloongabba, will grow the hotelier’s Brisbane inventory to over 1400 rooms, while also marking the 10th Brisbane property under its management, reinforcing its position as one of Brisbane’s largest accommodation providers.
Chief operations officer of Oaks Hotels & Resorts, Mr Mike Anderson, said the decision to add another Brisbane hotel to the group’s network was fuelled by a strong demand for self-contained apartment accommodation within close proximity to the city’s key business, health, education and entertainment precincts.
“Oaks Woolloongabba complements our existing Brisbane portfolio perfectly, which comprises nine hotels in the CBD, Fortitude Valley and Bowen Hills, and will provide another well-positioned, inner-city address for travellers to choose when visiting Brisbane.
“Woolloongabba continues to emerge as one of Brisbane’s most progressive suburbs, with billions of dollars of infrastructure and urban renewal projects already in progress and earmarked for the future. We are confident this area is in a strong position for future growth and we are thrilled to have secured a product that will appeal to both the corporate and leisure markets as the demand for central accommodation swells,” said Mr Anderson.
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