Amora Hotels and Resorts has acquired Adelaide’s Hilton Hotel at 233 Victoria Square for an undisclosed sum.
The 377-room luxury hotel, located in the heart of the city’s entertainment, dining, shopping, and business precincts, features 20 conference and meeting rooms, two food and beverage venues, a business lounge, tennis court, gym and swimming pool.
The sale marks the first time the hotel has changed hands in more than 30 years.
“We are delighted to welcome the iconic Hilton Adelaide into the Amora Hotels and Resorts portfolio, marking a significant milestone in our expansion strategy,” Amora Hotels and Resorts Owner, Earp Siriphatrawan.
“This acquisition aligns with our vision of establishing a strong presence in key Australian cities while delivering world-class hospitality experiences.
“Adelaide, with its vibrant tourism and business landscape, presents an exciting opportunity for growth.
“This addition will bring immense value to our guests, stakeholders, and the broader Amora community.”
The family-run hospitality group operates a range of hotels across Australia and Thailand.
While Hilton confirmed the sale, no timeline has been given for the transition of the property.
“The owner of Hilton Adelaide has informed us of the sale the property,” a Hilton spokesperson told HM.
“The hotel continues to welcome guests and we’re working to support team members during the planned transition.
“Transactions of this nature are not uncommon in our industry, and reflect a buoyant and dynamic market, driven by strong investor confidence.”
Hilton said Adelaide continues to be an important market for the business.
“Our robust pipeline in Australia will see Hilton grow its portfolio by around a third in coming years, and Hilton’s footprint includes an upcoming luxury hotel in Sydney, and a recent opened lifestyle hotel in Melbourne,” the spokesperson said.
“We’re actively exploring opportunities to grow our presence in Adelaide.”
CBRE Hotels’ Michael Simpson, Vasso Zographou, Tom Gibson and Nick Hill negotiated the sale on behalf of the vendor, 233 Victoria Square Hotel Pty Ltd.
“The sale of this flagship five-star asset represents a truly generational acquisition of an institutional-grade hotel in one of Australia’s thriving markets, which has been supported by a rich pipeline of private and public infrastructure projects,” said CBRE Head of Hotels and Hospitality, Pacific, Michael Simpson.