New Moreton Bay hotel to help meet region’s thriving tourism growth

Published 24 May 2023

artist's impression of the proposed Bluewater hotel

Moreton Bay Regional Council has given Elanor Investor Group approval to build a new hotel to address an urgent need for hotel rooms to meet the region’s growing tourism numbers. 

The Sydney based, ASX Listed, Elanor Investment Group, which was established in 2009 and currently manages over $2.7 billion of real estate investments across Australia and New Zealand, will build the new hotel above the Bluewater Square Shopping Centre in Redcliffe which they purchased in 2017. 

The new 142-room, eight-level hotel, in close proximity to Brisbane’s domestic and international airports and Brisbane CBD, will provide much needed short-term accommodation in the region to support growing tourism numbers as well as the influx of visitors the 2032 Olympic Games will bring to Moreton Bay. 

Public art and murals will adorn the hotel’s frontage, with a bar for hotel guests and the public on the top level with a 360sqm function area, kitchen, swimming pool, offering panoramic views to Moreton Island, provides visitors world-class accommodation in this highly sought retail and tourism destination. 

Moreton Bay Mayor Peter Flannery enthusiastically welcomed Elanor Investment Group’s increased investment in the region, recognising that it will help fill the demand for more hotel rooms. 

“Elanor Investment Group’s new 142 room hotel development shows great confidence by hotel developers and investors in Moreton Bay as we power towards becoming Queensland’s $40 billion engine room,” he said. 

“The Moreton Bay region is one of Australia’s largest and fastest growing areas. Our population already surpasses Canberra, at more than 500,000, with another 200,000 residents projected to call our region home over the next 20 years. 

“Moreton Bay’s billion-dollar tourism industry is on the rise, with 4.3 million annual visitors, more than double the total visitor numbers to Noosa, is home to Australia’s newest NRL team – the mighty Dolphins, and we’re a host venue for the 2032 Olympic and Paralympic Games. 

“We have become Australia’s hotel hotspot as we are currently significantly undersupplied to support the needs of a thriving region and growing visitation. 

“Moreton Bay needs eight hotels and 1,035 hotel rooms by 2032, with four hotels required by 2026, and to help us we’re providing hotel investors and developers with incentives and a dedicated concierge service to make investing in Moreton Bay as easy as possible.” 

The new hotel will become an integral part of Bluewater Square, a modern and convenient retail and leisure precinct, which focuses on non-discretionary retail, including medical, gymnasium and government offices and professional suites, and now offers luxury accommodation.  

Anchored by a strong performing Woolworths Supermarket and supported by national retailers including Club Lime Gym, BWS, Terry White Chemist and Australia Post, the new hotel development will be a must visit destination for locals and tourists.  

“The proposed short-term accommodation, function facility and bar utilise the existing shopping centre, whilst incorporating uses that will be highly beneficial to the local area,” a spokesperson for Elanora Investment Group said.  

For more information about investing in Moreton Bay, visit the Invest Moreton Bay website.