11 Feb 2026
Words
The Hotel Conversation
Cairns MiHaven Living’s accommodation portfolio sold - ResortBrokers
Australian accommodation specialist Redhill Hospitality Group has expanded its North Queensland presence with the acquisition of MiHaven Living’s Cairns portfolio for an undisclosed price.
Listed with ResortBrokers’ Far North Queensland agent Leah Bursztynowicz for $13.6 million in July 2025, the portfolio consists of 131 rooms across three shared-living accommodation properties in Pembroke, Gatton and Martyn Streets.
Well-known Cairns identities James and Sarah Mort purpose built the MiHaven portfolio for student accommodation between 2018 and 2020.
When international student numbers plummeted during the pandemic in 2020, the buildings showed their versatility by transitioning seamlessly without the need for alteration into accommodation for other guest types.
Today, the three properties cater to a broad mix of transient guests, including working holidaymakers, young professionals, as well as local and international students attending the nearby campuses of TAFE Queensland, James Cook University and CQUniversity.
The MiHaven portfolio is Redhill’s second accommodation purchase in Cairns following its 2023 acquisition of the 62-room Cairns Southside International in Mulgrave Road, Earlville.
“This is an astute acquisition by Redhill,” Ms Bursztynowicz told The Hotel Conversation.
“There is nothing like MiHaven Living in central Cairns that caters to short-term/co-living accommodation. Under James and Sarah, the properties enjoyed great success with occupancy over 90% underpinned by long-term bookings.”
“James and Sarah are widely respected in the Cairns’ community. As local developers, they understood what our city’s student and transient worker tenants needed: affordable accommodation with a youthful vibe and sense of community.”
“Redhill is a sophisticated operator with more than $100 million of accommodation assets under management, so I look forward to seeing how it builds on James and Sarah’s legacy.”
