Belmo Group has taken ownership of the Royal Albert Hotel in Brisbane’s central business district, adding a heritage-listed property to its portfolio as it continues to expand its operations in Queensland.
Located on Albert Street, the hotel comprises 73 rooms and apartments. First opened in 1913, the property is known for its historic features, larger room layouts and established performance in the local market.
The acquisition forms part of the group’s strategy to build a portfolio of assets in key urban markets. Brisbane’s ongoing development, including infrastructure projects and transport links, is expected to support both corporate and leisure demand in the coming years.
The property is positioned near projects such as Queen’s Wharf and the Albert Street Cross River Rail station. These developments are part of wider changes across the city ahead of the 2032 Olympic and Paralympic Games.
Belmo Group plans to apply its operating model at the hotel, focusing on areas such as revenue management, distribution and direct bookings, supported by its internal teams across sales, marketing and guest services.
The acquisition builds on the group’s growth over the past 15 years, expanding from its base in Brisbane to a broader portfolio that includes hotels, accommodation and residential management.
David Assef, CEO of Belmo Group, said the hotel is positioned to benefit from Brisbane’s infrastructure pipeline and improving connectivity, which are expected to support sustained demand across corporate and leisure segments. He added that the group will apply its operating model to strengthen performance, with a focus on revenue management, distribution and direct bookings.
He shared: “The Royal Albert is an iconic Brisbane property with a rich history and a strong operating platform… (and offers) guests an authentic and refined base from which to experience everything the river city has to offer.”
