10 Jul 2025
Words The Hotel Conversation

Cairns Queens Court motel sold for over $10million – ResortBrokers

ResortBrokers has settled the sale of the freehold and leasehold interests in Cairns Queens Court motel.

Located on Sheridan Street in Cairns’ city centre, the 81-room midscale motel was sold off-market to Sydney-based Quay Wholesale Fund Services, represented in the sale by KBC Group, for over $10 million.

Quay Wholesale Fund Services owns multiple accommodation properties in Queensland including the 55-key Motel Nomads in Cairns. The group plans to reposition Cairns Queens Court under its K2 brand following the brand’s success in Brisbane.

K2 Brisbane, located in the CBD-fringe suburb of Spring Hill, has proved a hit with travellers and itinerant workers seeking short and long stays with access to lounge and communal facilities providing a more homely and relaxed living environment.

“For Cairns Queens Court, the leasehold and freehold interests were split. By merging these interests, ResortBrokers was able to unlock the asset’s inherent value and achieve one of the best returns on investment Cairns’ accommodation property market has ever seen,” says ResortBrokers’ agent Nathan Benjamin, who sold Cairns Queens Court with ResortBrokers’ Far North Queensland agent Leah Bursztynowicz and ResortBrokers’ Queensland agent David Faiers.

“ResortBrokers is seeing extraordinary uplift in sales prices when landlords and their lessees team up to sell their respective interests in an accommodation asset together. When they do so, they’re selling for far more than if they sold their interests individually.”

Leah Bursztynowicz told The Hotel Conversation, “The new owners have secured a timeless property with incredible potential. Cairns Queens Court is one of the city’s original accommodation gems, with a rich history of welcoming travellers to Tropical North Queensland.”

“Cairns Queens Court benefits from a strong, loyal base of leisure and business clientele, ensuring a steady stream of bookings year-round,” adds David Faiers.

“This provides a buffer against seasonal fluctuations typical of tourism-driven properties. The motel’s operational efficiency and revenue-generating capabilities made it an appealing investment opportunity for Quay Wholesale Fund Services.”

“Ownership of the freehold going concern provides far more certainty and flexibility for ongoing upgrades and future development of the asset which is a hedge against seasonal fluctuations typical of tourism-driven properties,” says KBC Group’s Kurt Braune.

“The motel’s solid historical revenue provides a strong base income from which operational savings can be achieved with this property joining our larger network of hotels, making this an appealing investment opportunity for our client.” END