Novotel and Ibis Hotel Christchurch Sold for NZ$43 million
Dean Humphries, Colliers’ National Director of Hotels sold the accommodation hotels, with on-going management by AccorHotels, to an offshore investment company to complement its existing New Zealand hotel portfolio.
The Ritz-Carlton Announces First Hotel In New Zealand
The Ritz-Carlton Hotel Company L.L.C. has signed a management agreement with NDG Asia Pacific (NZ) Limited to open the first Ritz-Carlton property in Auckland, New Zealand in 2019.
Novotel Melbourne on Collins, has been sold to Frasers Hospitality Trust for AUD 237 million
Craig Collins, CEO Australasia, JLL's Hotels & Hospitality Group together with Simon Rooney, Head of JLL's Retail Investments - Australasia brokered the transaction.