QUEST ANNOUNCES EXPANSION PLANS

QUEST ANNOUNCES EXPANSION PLANS

QUEST Serviced Apartments has announced plans to open five new properties across Queensland in the next 12 months, substantially increasing the accommodation in key business markets for the State’s growing number of extended-stay business travellers.

Along with the brand new Quest property at Breakfast Creek, the new apartments will increase Quest’s presence in Queensland to 16 properties – boosting room supply by more than 90%.

Quest Serviced Apartments Chairman Paul Constantinou made the announcement alongside Premier Campbell Newman at the official opening of Quest’s newest property at Breakfast Creek.

“At Quest Breakfast Creek, being located between the city and airport we are seeing the impact of the expansion of Brisbane airport’s business park and the spread of the CBD. And elsewhere in the State, business is increasingly being done in regional and suburban hubs across Queensland,” Constantinou explains.

“A general shortage of quality accommodation for business travellers has prompted us to fast track our plans to open more properties in the next 12 months, with further expansion plans in the pipeline.”

Quest will open properties in Rockhampton, Mackay, Townsville, Woolloongabba and Upper Mt Gravatt, providing more than 1300 apartments for business travellers across the state.

“The demand for our style of quality, fully equipped accommodation is high; stimulated by
significant investment in health, education and retail infrastructure and the ongoing growth of
defence and industries such as mining and manufacturing,” he says.

Premier Newman says Quest’s expansion will support the ongoing growth in business being done across the state.

“Queensland’s four pillar economy is going from strength to strength and we’re starting to see some really encouraging results from the investments we are making in agriculture, tourism, resources and construction,” he says.

“Queensland is a great state with great opportunity and I certainly welcome Quest’s investment in our State. In partnership with business, my government will continue to capitalise on our achievements to build even more confidence in our economic future.”

The Quest Serviced Apartments network spans over 150 properties across Australia, New Zealand and Fiji.

Enjoyed this article?

Don't miss out on the knowledge and insights to be gained from our daily news and features.

Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.

Support independent journalism and stay informed with stories that matter to you.

Subscribe now and get 50% off your first year!

Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

DroneShield shares shot down despite record revenue and $1.1 billion pipeline

DroneShield shares shot down despite record revenue and $1.1 billion pipeline

DroneShield (ASX: DRO) shares lost more than 20 per cent of their v...

DG Institute to pay out almost $20m for misleading students, Grubisa banned from managing companies

DG Institute to pay out almost $20m for misleading students, Grubisa banned from managing companies

A Sydney real estate and wealth education provider has been ordered...

Valuations hit $5.8 billion for Australian crowdfunded startups

Valuations hit $5.8 billion for Australian crowdfunded startups

The latest crowd-sourced funding (CSF) report released by market le...

Cash Converters emboldened by circular economy as revenue rises 26pc

Cash Converters emboldened by circular economy as revenue rises 26pc

Cost-of-living pressures and circular economy trends appear to have...