Crown land earmarked for five-star hotel adjoining Christchurch convention centre
An operator is being sought for a five-star hotel, which will form part of a well-planned development in Christchurch’s Cathedral Square, neighbouring the $240m Christchurch Convention Centre due to be completed in 2020.
The performance of New Zealand hotels nationwide continues to improve with a recorded occupancy rate of 81.2% in the year to December 2017, with Queenstown the fastest growing market again in 2017 reporting RevPAR growth of 16.1%.
New Zealand is likely to start feeling the effects of “tourism fatigue” as record-breaking visitor numbers put an increasing strain on accommodation and infrastructure.
NZ hotel owners look to divest in buoyant investment climate
More hotels will be offered for sale this year as owners look to take advantage of the buoyant investment climate by selling off increasingly valuable assets.
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.
Christchurch Airport Master Plan and upgrade revealed
Christchurch Airport has an eye on the future and has revealed its vision for the airport in 2040 being the New Zealand South Island's gateway for visitors, airfreight and business.
First look inside the QT Queenstown Hotel opening December 2017
QT Queenstown resort will welcome guests from the 1st December 2017, with the luxury hotel nearby to Lake Wakatipu, The Remarkables and Coronet Peak Ski Fields in New Zealand.