Auckland CBD Holiday Inn and EVEN Hotel site sold to Pro-Invest for $31m
Part of an Auckland CBD site which was previously home to the New Zealand Herald for over 150 years has sold for $31 million to Pro-Invest, who is planning a 490-room dual branded hotel development of around 37 levels on the site.
Auckland CBD Best Western Hotel sold Dean Humphries Colliers International
The 120-room Best Western President Hotel, less than 500m from the site of the New Zealand International Convention Centre, has become the first freehold hotel to sell as a going concern in Auckland’s CBD in five years.
Auckland's $40m Federal Street Car Park sold to ICD a prime candidate for new hotel development
The $40 million sale of Auckland's Federal Street Car Park building to Australian property group ICD Property Investment has achieved one of the highest price per square metre rates ever recorded in the Auckland CBD and will potentially pave the way for a new luxury hotel development.
Resort Brokers New Zealand have sold the 40 room Wellesley Hotel on the Lake, a characteristic hotel complex on a long-term lease agreement with 29 years remaining.
ACCC approves $1.3bn Mantra acquisition by AccorHotels
The ACCC (Australian Competition & Consumer Commission) has this morning announced that it will not oppose the 127 hotel, $1.3 billion acquisition of Australia's Mantra Group by AccorHotels.
Naumi Hotels, the Singapore-based private hotel owner and operator is further increasing its presence in New Zealand with the purchase of two properties in a prime location in Wellington, New Zealand.
The businesses of Portmans Motor Lodge, BK’s Chardonnay Motor Lodge and Te Awa Motel have sold in the past months finishing off a strong year for Resort Brokers New Zealand.
Regional New Zealand hotel sales signal rising demand
An Australian investor has purchased the 51-room Ambassador Hotel Hamilton, while an Auckland investor has bought The Park Hotel Ruapehu, an 82-room hotel in the central North Island’s National Park.