A hotel beneath the Story Bridge at Howard Smith Wharves, near Fortitude Valley, has been listed for sale with price expectations of about $115 million.
A Riverfront Asset Comes Into Focus
Crystalbrook Vincent has been placed on the market through an expressions-of-interest campaign managed by Colliers, with submissions open until April 30.
The hotel sits within the Howard Smith Wharves precinct, positioned beneath the Story Bridge and near Fortitude Valley. The location places it within a well-established riverfront area known for steady visitor movement and a mix of hospitality venues.
Price Marks Shift Since Last Sale
The property is owned by the Ghassan Aboud Group through Crystalbrook Hotels and Resorts.
It was acquired in 2021 for about $70 million, with the current price guide of roughly $115 million indicating a notable change in value over five years. The listing is part of a broader move to recycle capital within the group’s portfolio.
What Defines The Property
Opened in 2019, the hotel includes 166 rooms and forms part of a purpose-built precinct along the Brisbane River.
Facilities include a rooftop pool, gym, bar and dining spaces. The interiors incorporate a large collection of works linked to Brisbane artist Vincent Fantauzzo, which remains a defining feature of the property’s design.
Market Conditions Behind The Timing
The timing of the listing aligns with broader conditions across Brisbane’s hotel sector, where demand has increased while new supply remains limited.
Industry figures indicate revenue per available room is around 70 per cent higher than 2019 levels, with average daily rates also rising. At the same time, only 372 hotel rooms are under construction through to 2027.
These factors have narrowed availability across inner-city areas, including precincts near Fortitude Valley.
Development Activity Nearby
The listing comes alongside continued planning activity within Howard Smith Wharves.
A proposed hotel development to the east of Crystalbrook Vincent remains included in documents lodged during the early months of 2026, indicating further potential change within the precinct.
Next Stage For The Listing
The campaign will test investor interest in a hotel asset positioned within a constrained market.
The outcome is expected to reflect broader conditions across Brisbane’s accommodation sector, where demand and limited supply continue to shape activity near Fortitude Valley.
Published 27-Mar-2026
