[2] The present Prince Consort Hotel, a three-storeyed masonry building, was erected in 1887–1888 for Brisbane publican John Daniel Heal.

[1] Its construction in the 1880s reflected the general building boom in Queensland which accompanied a period of unprecedented economic growth.

During the second half of the 1880s, Valley residents witnessed the construction of four large hotels all designed by architect Richard Gailey.

The upper balcony has a curved galvanised iron roof below a corbelled and bracketed string course, a rendered parapet with two triangular pediments, and concrete balusters and urns.

The two buildings are connected by verandahs, which although partially enclosed contain much of the original fabric including timber railings and valances.

[1] Prince Consort Hotel was listed on the Queensland Heritage Register on 21 October 1992 having satisfied the following criteria.

The Prince Consort Hotel contributes to the Wickham Street streetscape, and is significant as one of a group of hotels designed by architect Richard Gailey which contribute to the architectural character of Brisbane through their imposing presence, extensive use of ornamental cast-iron and classical detailing.

[1] The place has a special association with the life or work of a particular person, group or organisation of importance in Queensland's history.

The Prince Consort Hotel contributes to the Wickham Street streetscape, and is significant as one of a group of hotels designed by architect Richard Gailey which contribute to the architectural character of Brisbane through their imposing presence, extensive use of ornamental cast-iron and classical detailing.