02 May 2025
Words The Hotel Conversation

Management rights for Hamilton Harbour Residences sold — ResortBrokers

ResortBrokers’ Director Alex Cook and Broker Frank Matus have settled the sale of the management rights for Hamilton Harbour Residences.

Situated in the city’s desirable portside area along the Brisbane River, the predominantly permanent letting Hamilton Harbour Residences consists of two high-rise apartment towers: the 21-storey Hamilton Harbour One and 18-storey Hamilton Harbour Two. The complex has a total of 475 apartments, with 208 in the onsite letting pool, and includes a manager’s unit and five commercial lots.

Hamilton Harbour Residences nets over $1 million per year, which puts it in the highest tier ‘super rights’ category.

ResortBrokers marketed Hamilton Harbour Residences via an expressions of interest campaign. The business was sold for an amount well in excess of $7 million at a multiplier over 6.5x to established operator Ting-Chih Lin who has several South Brisbane properties and one Brisbane CBD property in his portfolio.

“The management rights sector continues to be a two-speed market,” said Director Alex Cook.

“Large scale, high netting management rights like Hamilton Harbour Residences are attracting high 6x or even 7x multipliers, while the majority of management rights in the sub-$200,000 net market are fetching approximately 3.5x to 5.5x depending on the business.”

“This has been a trend in the management rights market for the last few years, and we’re seeing a continuation of it in 2025 driven by supply and demand at both ends of the market.” END