The Madison Tower Mill Hotel at 239 Wickham Terrace in Spring Hill has sold for a reported $28.6 million to Samdoo Corporation, the Kim family-owned group behind two Hotel Diana properties in Brisbane.
HTL Property handled the sale on behalf of Madison Hotel Group, with Andrew Jackson, Nic Simarro and Glenn Price managing the campaign.
More than 175 enquiries were received before nine formal offers were submitted. Interest came from local and interstate investors, offshore-backed groups and established pub operators.
Samdoo Corporation owns Hotel Diana properties in Woolloongabba and South Brisbane. The acquisition was supported by private family investment originating from South Korea.
Circular Spring Hill Hotel Has 70 Rooms
Built in 1966, the nine-storey circular building operates as a 3.5-star hotel and contains 70 guest rooms with private balconies.
The accommodation has recently been refurbished. A hospitality venue on the ground floor includes a sports bar and 14 gaming machines.
The hotel occupies a 1,462 sqm freehold site beside Wickham Park, near the edge of the Brisbane CBD. It is also within walking distance of the Golden Triangle, Suncorp Stadium and Roma Street Parkland.
The site has mixed-use zoning, with the sale listing identifying potential for high-density redevelopment subject to approval. No redevelopment proposal or change of use was confirmed as part of the transaction.
Madison Tower Mill Hotel Faces Old Windmill
The Madison Tower Mill Hotel stands opposite the Old Windmill, which was built in 1828 and is Brisbane’s oldest surviving building.
When the hotel opened, it included one of Brisbane’s early elevated or rooftop restaurants. Its circular design and rooftop level remain distinguishing features of the Wickham Terrace building.
The hotel later became associated with the 1971 Tower Mill protests during the South African Springboks rugby union tour.
The all-white Springboks team stayed at the hotel during the tour, prompting protests outside the property. The events ultimately led to a state of emergency being declared in Queensland.
Published 16-July-2026
