Jaleel family’s JD Properties buys 2 Australian hotels for A$100m

[SINGAPORE] Singapore-based investment firm JD Properties, backed by the prominent Jaleel family, is expanding its Australian hospitality portfolio by acquiring two hotels, one each in Perth and Melbourne, for a total of around A$100 million (S$91.6 million).

The transactions come just six months after the group acquired a Brisbane property for A$34 million, marking a significant ramp-up in its exposure to Australia’s hospitality sector, Australian Financial Review (AFR) reported on Tuesday (Jun 2).

In the latest completed deal, the Jaleel family’s investment vehicle, JD Properties, acquired the 98-room Pensione Hotel in Perth for about A$28.3 million, Australian property records indicate.

The vendor was a private syndicate that included Warwick Evans, chairman of specialist fund manager Naos Asset Management.

Separately, JD Properties struck a A$75 million deal to acquire the Hotel Indigo on Flinders Lane in Melbourne.

The IHG-managed boutique hotel is being divested by fund manager Pro-Invest Group, which was co-founded by Ron Barrott and Sabine Schaffer.

This transaction has yet to be settled.

These acquisitions follow the family’s A$34 million purchase of the George Williams Hotel, now rebranded as the George Hotel Brisbane, in late 2025.

This asset is being positioned to capitalise on the hospitality boom expected from the 2032 Brisbane Olympics.

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The Jaleel family fortune was established by patriarch Mohamed Abdul Jaleel, who set up the Jaleel Family Trust roughly 50 years ago.

Known in Singapore for its real estate, logistics and philanthropic holdings, the family manages its hospitality and property investments through JD Properties and its dedicated hotel arm, High Street Holdings.