![\"Mohamed](\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2026\/06\/1-jKnDaY2useFjFjTEBu5OjA.jpeg.webp)
<\/source><\/picture><\/p>\nMohamed Abdul Jaleel built his fortune in worker housing (Image: IHFS)<\/p>\n<\/div>\n
Asian investors are shrugging off concerns about the impact of Middle East turmoil on tourism and continue to invest in Australian hotels, with Singapore\u2019s Jaleel family picking up a pair of hospitality assets in Melbourne and Perth for a total of A$103.5 million ($70.3 million).<\/p>\n
JD Properties, an investment firm backed by the Jaleel family, who made their fortune in Singapore worker accommodation and other real estate, has settled on the purchase of the Pensione Hotel in Perth for A$28.3 million, while a hotel investment firm controlled by the same clan has picked up the Hotel Indigo in Melbourne for A$75 million, according to brokers involved in the deals.<\/p>\n
Australia\u2019s array of tourist spots and events, coupled with a shortage of new supply, are pushing vacancy lower and room revenues higher, according to Mark Durran, a broker at HTL Property, who advised on JD Properties\u2019 Perth purchase, sees the boom driving more hotel transactions this year.\u00a0<\/p>\n
\u201cDespite all the noise and headwinds we hear about on a daily basis, hotels continue to transact with domestic and cross-border capital. In the last 12 months, the cross-border Asian money coming into Australia has increased significantly,\u201d Durran told Mingtiandi on Friday.<\/p>\n
Visitors Boost Revenue<\/h3>\n
JD Properties is part of an investment empire built by Mohamed Abdul Jaleel, an Indian immigrant to Singapore, who built MES Group into a $78 million per year company after starting his career washing cars and working as a construction watchman.<\/p>\n
![\"Pensione-Hotel-](\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2026\/06\/Pensione-Hotel-Perth.jpg.webp)
<\/source><\/picture><\/p>\nThe Pensione Hotel in Perth adds 98 rooms to the Jaleel family portfolio (Image: Agoda)<\/p>\n<\/div>\n
An early entrant into Singapore\u2019s worker housing sector, Jaleel expanded MES\u2019 portfolio to an estimated 25,000 beds<\/a>, according to Singapore\u2019s National Library Board. Jaleel has also invested in logistics and offices, in addition to hotels and worker housing.\u00a0\u00a0<\/p>\n With Australia seen as a safe haven for capital, overseas buyers are \u201cignoring the noise\u201d and focusing on fundamentals, Durran said, noting that the country typically records around A$2 billion of transactions in the sector annually. Western Australia and Queensland, which rely heavily on resource industries which require accommodation for contract workers, have experienced the strongest growth in revenue per available room (RevPar) and yield.<\/p>\n \u201cIn those two markets, the fundamentals are solid, there\u2019s RevPar growth and then that translates into good yields coming out of hotels. You can get seven, eight, nine-percent-plus type yields in these markets depending on the type of hotel and location,\u201d Durran said, noting that Perth has also had strong international arrivals in recent months.<\/p>\n The Pensione Hotel is located about 12 kilometres (7.2 miles) from Perth\u2019s airport, with the deal marking the fourth major hotel deal in the city this year. JD Properties, which manages the Jaleel family trust\u2019s property investments, closed the transaction in April at a yield of about 8.75 percent, Durran said, purchasing the 98-room property at 70 Pier Street from a private syndicate which included Naos Asset Management chairman Warwick Evans.\u00a0<\/p>\n High Street Holdings, the asset management and acquisition arm of JD Properties, has acquired the Hotel Indigo<\/a> in Melbourne, according to a recent LinkedIn post by property consultants Napier & Blakeley<\/a>.<\/p>\n \u201cThis acquisition highlights continued confidence in Melbourne\u2019s hotel sector and the growing demand for high-quality, experience-driven assets,\u201d Napier & Blakeley said in the post. The Sydney-based consultant advised on the due diligence phase.<\/p>\n The asset is a 216-room boutique hotel<\/a> located on a 1,782 square metre (19,200 square feet) corner site at Flinders Lane and Spencer Street near Melbourne\u2019s Southern Cross Station, about 23 kilometres from the city airport.<\/p>\n The seller, private equity real estate firm Pro-Invest Group<\/a>, did not respond to a request for comment. High Street and JD Properties did not respond to a request for comment on either of the transactions, which came after the Jaleels bought the George Hotel in Brisbane\u2019s financial centre for A$34 million at the end of last year, which brought the family\u2019s Australian hotel portfolio to an estimated A$150 million<\/a>.<\/p>\n The family first invested in Australian hotels in 2021, according to High Street\u2019s website, and in July 2022 bought the Peppers Perth Kings Square in Perth, before rebranding it to the Rydges Perth Kings Square<\/a>. High Street partners Daniel Yip, Giuliano Esposito and David Marriott left JLL\u2019s hospitality group in 2021 to help found the firm, according to the website.<\/p>\n The Jaleel family acquisitions come as Asian investors have made some of Australia\u2019s biggest hotel deals this year.\u00a0<\/p>\n In March Sydney-based Wentworth Capital and Sun Hung Kai & Company of Hong Kong purchased the Novotel Sydney Darling Harbour and the contiguous Ibis Sydney Darling Harbour<\/a> from the Abu Dhabi Investment Authority for A$390 million, giving them 781 rooms in the popular tourist area.\u00a0<\/p>\n Taiwanese billionaire Lin Chen-hai in May bought the Paradise Centre and Novotel Surfers Paradise<\/a> on Queensland\u2019s Gold Coast from Abu Dhabi Investment Corp and Challenger Life for $346.5 million, described by brokers as the largest purchase of a combined hotel and retail complex in the Australian state.\u00a0<\/p>\n Among Asian investors in Australian hotels, Singaporeans are showing the most interest, Durran said, with Thai and Indonesian groups also looking at hospitality assets in the country.\u00a0<\/p>\n \u201cThe buyers are generally experienced players, they have portfolios they are adding to and they have the confidence to buy,\u201d Durran said. \u201cThey are high conviction buyers, they are selective, they know what they want and when it comes up, they go hard and transact.\u201d<\/p>\n<\/div>\n Mohamed Abdul Jaleel built his fortune in worker housing (Image: IHFS) Asian investors are shrugging off concerns about the impact of Middle East turmoil on…<\/p>\n","protected":false},"author":1,"featured_media":59192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2611],"tags":[],"class_list":["post-59191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-headlines","wpcat-2611-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/59191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59191"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/59191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/59192"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Family Business<\/h3>\n
Big Buyers\u00a0<\/h3>\n
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