Portal Developments Pty Ltd was originally established in 2007 to acquire a site in Spring Hill on the edge of Brisbane's CBD for development of the Portal Hotel (now Mantra Terraces Hotel). The hotel was the first purpose built boutique hotel of its size developed in Brisbane and it comprises 84 rooms over 7 levels plus ground floor reception and bar/bistro. The hotel was held by the company until late 2014 when it was sold to Singaporean interests. The partners of the original Portal Developments have some 70 years combined experience in property related fields including; real estate development, construction, property valuation and financing and capital structures and commercial agency. The new Portal Developments company includes the next generation of the founding partners. The company is focused on creating property investment assets. It will do this by acquiring sites for development or buildings for renovation for the purpose of tenant occupation and repositioning in the market. It's principal focus' will be in South East QLD and Northern Rivers NSW and it has offices in Brisbane CBD and Byron Bay.