The Hong-Kong based hotel company has announced its expansion in Australia after acquiring and assuming management of a hotel currently owned by the Holiday Inn Brisbane.

Commencing 7 August this year the 191 Traders Hotel, Brisbane will be the first owned by the Shangri-La Hotels and Resorts and follows on from the company’s full acquisition of the 563-room Shangri-La Hotel in Sydney.

Located above the Brisbane Transit Centre and next to Roma Street Parklands, the company said the purchase marked its “financial commitment and long term vision” for Australia.

“As the third most populous city in the country, Brisbane is a strategic feeder destination to other major Australian cities for the Shangri-La group,” the hotel Group said. 

“After China and the United States, the Australian continent represents the third largest market for Shangri-La and forms a key substantial membership base within the worldwide network of 2.1 million members of the company’s prolific loyalty programme, Golden Circle.”