NEW OWNER FOR WATERMARK

●Japanese-owned hotel has sold with Brisbane Watermark in likely $100 million deal to Melbourne-based SB & G Hotel Group

●It is SB & G’s first foray into Queensland Watermark has 388 rooms HIS Investments bought the site for $9 million in 1994

●HIS protested the construction of the Q1 building — claiming it would block ocean views for its guests

The company operates hotels in Japan and Bali. It is one of the world’s largest travel companies.