01 May 2026
Words
Mandy Clarke Resort News
Belmo Group snaps up Brisbane icon Royal Albert Hotel
Belmo Group has added another standout asset to its growing Queensland portfolio, acquiring Brisbane CBD’s iconic Royal Albert Hotel through ResortBrokers’ Director Alex Cook and Brisbane broker Jessie Shi.
The heritage-listed boutique property on Albert Street features 73 rooms and apartments and is one of Brisbane’s most recognisable hotel addresses. First opened in 1913, the Royal Albert is known for its historic character, generous room sizes and strong operational performance.
The acquisition marks another milestone in Belmo Group’s expansion and strengthens its position as one of Queensland’s fastest-growing hospitality operators.
Belmo Group chief executive officer David Assef said the purchase fits squarely within the company’s strategy to grow a portfolio of high-quality assets in key markets.
“The Royal Albert is an iconic Brisbane property with a rich history and a strong operating platform,” he said.
“This acquisition reflects our bespoke management company’s confidence in the Brisbane market and our focus on building a portfolio of distinctive hotels that deliver long-term value.”
Assef said the property was well placed to benefit from Brisbane’s next phase of growth, pointing to major infrastructure projects, the Queen’s Wharf development and the future Albert Street Cross River Rail station.
“This exceptional connectivity positions the property strongly for sustained corporate and leisure demand as Brisbane enters a transformative growth phase ahead of the 2032 Olympic and Paralympic Games,” he said.
“With record infrastructure investment, a rapidly evolving dining and cultural precinct, and growing international recognition, Brisbane is cementing its reputation as one of the Asia-Pacific region’s most exciting urban destinations.”
“The Royal Albert Hotel is ideally placed to capture this momentum, offering guests an authentic and refined base from which to experience everything the river city has to offer.”
Belmo Group said it would apply its integrated operating model to the property, with a focus on revenue optimisation, direct booking growth and enhanced global distribution.
“The group’s in-house capabilities across sales, marketing revenue management and guest experience will be deployed to further strengthen the hotel’s market position,” Assef said.
The deal builds on Belmo Group’s strategic growth across Queensland. From its beginnings in the Brisbane market 15 years ago, the company has grown into a diversified operator spanning luxury hotels, corporate and leisure accommodation, and premium residential facilities management.
Steeped in architectural and cultural heritage, the Royal Albert remains one of Brisbane’s most distinctive boutique hotel assets, blending historic grandeur with contemporary refurbishment in one of the city’s most tightly held locations. END
