South-East Queensland’s Moreton Bay is fast becoming a hotspot for hotel investment opportunities, having welcomed twice as many annual visitors as Noosa in 2021.

As one of the hosts of the 2032 Brisbane Olympic and Paralympic Games and home to Australia’s newest NRL team the Dolphins, the region has become a national sports, tourism and event destination and now hotel hotspot.

Moreton Bay Mayor Peter Flannery said in a market which welcomed 4.3 million visitors in 2021 and generated 2.4 million visitor nights, Moreton Bay was significantly undersupplied to support the needs of a growing and thriving economy.

With a current limited supply of full-service hotel accommodation, Moreton Bay needs up to eight hotels and 1,395 rooms in the next decade as the region prepares to host Olympic events.

Flannery said he wanted to be “games ready”, with the goal of attracting internationally branded hotels to the region well before 2032.

Hotel investment opportunities range from business and leisure opportunities across the region to tap into ocean views, Olympic venues, and innovation precincts and master-planned marinas.

Up to 180 rooms are needed in North Lakes to cater to expanding commercial, retail and health precincts, 475 rooms at Redcliffe to support leisure activities, sports, conferences, and events, and up to 200 rooms at Petrie’s The Mill at Moreton Bay, connected to the Olympics.

Flannery said council was continuing to ensure the momentum of the region’s tourism industry, recently adopting a tourism incentive policy focused on hotel accommodation and experiences.

“This policy assists investors and developers with infrastructure charges,” he said.

“The new policy specifically supports targeted new hotels, tourist parks, resort complexes, short-term accommodation, nature based or major sport, recreation, and entertainment facilities in Moreton Bay.”

With an existing reputation as South-East Queensland’s engine room and a $40 billion economy target, Moreton Bay is Australia’s third largest LGA and fifth fastest growing region, located just 20 minutes from Brisbane domestic and international airports.

The region is also home to 30,000 businesses and many of South-East Queensland’s largest business estates.

Local company Comiskey Group has seen the benefits of being active across the region and continues to expand its suite of hotel and retail services.

Along with top rated Big 4 Sandstone Point resort, the company is also behind other award-winning Moreton Bay venues, including Eatons Hill Hotel and venue.

“We have about $150 million worth of developments in the Moreton Bay Region,” Comiskey Group co-founder and director Rob Comiskey said.

“It’s a great time now to invest, it’s a growing region.

“We’ve got some really untapped markets that are continuing to grow.”

“To find out more about the hotel industry opportunity in Moreton Bay, download Invest Moreton Bay’s Hotel Investment Guide, which provides investors with key details to understand the opportunities available.”

Investors interested in accessing the new Tourism Incentives Policy can contact council’s dedicated Investment Attraction Team and find support services available to assist their journey at every stage via a single, dedicated contact point able to help with identifying suitable sites and connections with council services, and local business networks.

1800 314 730