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.
Hotel development in New Zealand shows unprecedented growth
Auckland, alone, has nine current hotel projects under construction and 30 more in the pipeline as investors look to take advantage of the ongoing tourism boom that started in 2013.
