Silverneedle Hospitality, a company backed by Nadathur S Raghavan, an Indian philanthropist and co-founder of software company Infosys Technologies, just bought a hotel in Brisbane for A$57 million.
Last year, it bought a chain of about 60 hotels in Australia and New Zealand for an undisclosed sum.
"In the last six to nine months, there has been a lot of private investment into Australia because it is seen as a safe-haven," said Paul Dowling, principal analyst at banking research firm East & Partners.
While Indian nationals have traditionally favoured Britain and North America as offshore investment destinations, private wealth bankers have noticed a growing demand for Australian real estate, particularly hotels and serviced apartments.
This comes as no surprise to Singapore-based Paul Guest, head of research and strategy at LaSalle Investment Management, as commercial property prices in Australia are very attractive.
With a forecast of about 10 percent per year, he said total returns in Australia are the highest in Asia, topping Japan's 9 percent and South Korea.
Also underpinning demand is Australia's relatively strong economic performance compared with Western peers.
Indeed, Australia is one among a select club of only eight nations that can still boast a pristine triple A rating with a stable outlook.
Dubbed the lucky country for its abundance of natural resources, white sand beaches and kind climate, it is now entering its 21st year of uninterrupted annual growth, having dodged a recession after the 2008 global financial crisis.
Image: One of the many Silverline hotels. Inset: Nadathur S Raghavan.