Hilton Adelaide hits the market

One of Adelaide’s most famous luxury hotels, the Hilton Adelaide, has been listed for sale for the first time in more than 30 years by private local owners, 233 Victoria Square Hotel Pty Ltd.

Situated in the heart of Adelaide's entertainment, dining, shopping, and business precincts, the five-star hotel is close to attractions including Adelaide Central Market, Chinatown, and the Adelaide Botanic Gardens.

CBRE’s Michael Simpson, Vasso Zographou, Tom Gibson and Nick Hill are managing the sale via an International Expressions of Interest campaign.

“This is a rare opportunity to acquire a flagship five-star asset in one of Australia’s most resilient investment markets,” Mr Simpson said.

“As the capital of South Australia, Adelaide is the backbone to the state’s economy serving as a multifaceted hub to its manufacturing, financial services, health, education and government industries worth a combined $100+ billion to the national economy.

“The city has designed a new economic future with its competitive cost base and significant investments, notably the $438 billion investment in the Osborne Naval Shipyard, the $1 billion Adelaide Airport Expansion and the $1 billion Festival Tower mixed-use development.”

Located at 233 Victoria Square, the hotel occupies a 3,556sqm site with 377 guest rooms, 20 conference and meeting rooms, a business lounge, tennis court, gymnasium and swimming pool. The hotel features high-quality food and beverage offerings COAL Cellar + Grill and The Collins Bar.

The property is subject to a management agreement with Hilton Hotels of Australia Pty Ltd, with vacant possession available from 1st July 2026.

Mr Zographou added, “We expect this campaign to generate significant interest from a broad range of domestic and international investors given the hotel’s extensive size, value-add opportunities and its central CBD location. The hotel is perfectly situated to provide guests with easy access to some of the city’s largest office towers, including Westpac House, ANZ House, and Grenfell Centre, as well as cultural and entertainment demand drivers such as the Adelaide Central Market and the Adelaide Oval.

“From 1st July 2026, the hotel will be afforded with vacant possession, supporting a range of future ownership strategies including re-engagement with Hilton, self-management or engaging an alternative third-party operator to drive performance.”

The International Expression of Interest campaign closes Tuesday, October 15, 4pm (AEDT).