Brisbane will welcome the first Hyatt hotel as part of the $700 million South City Square precinct in the near CBD  suburb ofWoolloongabba.

The joint-venture development partners behind South City Square project, Pellicano and Perri Projects, signed the agreement with Hyatt’s group president, Asia Pacific David Udell in April 2019 for the 170- room hotel.

The new offering, expected to open in 2023, expands Hyatt’s portfolio of seven existing hotels in Australia and marks the return of the Hyatt brand to Queensland.

Brisbane South City Square sits with close to Brisbane's 'the Gabba' stadium.

Brisbane South City Square sits with close to Brisbane's 'the Gabba' stadium.

“Hyatt Place Brisbane South City Square will be the leading hotel destination for cricket and AFL enthusiasts, as well as those visiting for major entertainment events at our flagship ‘Gabba’ stadium,” Pellicano managing director Nando Pellicano said.

Hyatt Place Brisbane forms part of the latest wave of new four and five-star hotels opening in the city, the influx follows on from Brisbane City Council's hotel incentives announced in 2012 which offered infrastructure reductions for four and five-star hotel developers.

Brisbane South City Square will comprise 850 apartments when finished.

Brisbane’s Lord Mayor Adrian Schrinner welcomed the latest offering following Brisbane’s record highs of more than 8.9 million domestic and international visitors in December 2018.

“For the first time in a decade, the city now offers a wide range of new luxury accommodation options, supporting our $7.5 billion tourism industry,” Schrinner said.

The South City Square precinct, set to comprise up to 850 apartments when complete, has proximity to the Cross River Rail Woolloongabba underground station, currently under construction.