Madison sells Brisbane Portfolio

Madison Tower Mill Brisbane - Sold to Diana Hotel Group

In a significant transaction for Brisbane's inner-city hospitality market, Madison Tower Mill has been acquired by Diana Hotel Group, marking an exciting new chapter for one of Spring Hill's most iconic properties.

Situated at 239 Wickham Terrace, Spring Hill, Madison Tower Mill occupies a uniquely prominent position in Brisbane's accommodation landscape. The property is set within the historic Tower Mill — a 19th-century windmill that stands as one of Brisbane's most recognisable heritage structures — offering guests a distinctive blend of heritage character and contemporary accommodation in close proximity to the CBD.

The transaction reflects continued investor confidence in Brisbane's hotel sector, buoyed by strong corporate demand, infrastructure investment, and the city's growing profile as a major Australian business and events destination.

Diana Hotel Group brings an established presence in the Australian hospitality market and has signalled its intention to build on the strong operational foundation in place at the property. Guests and long-term residents can expect continuity of service through the transition period.

For Madison Hotels, the sale represents a considered portfolio decision — recycling capital from a mature, well-performing asset to pursue new management and investment opportunities across the Australian hotel market. Madison Hotels continues to operate properties in Canberra, Townsville, and Sydney, maintaining its focus on owner-operated hospitality management.

Madison Hotels wishes Diana Hotel Group every success with the property, and extends its sincere thanks to the Tower Mill team and the guests who made the asset what it is today.