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.
Cordis Hotels & Resorts geared for growth in Asia Pacific
The group accelerates expansion plans this week with the opening of Cordis, Shanghai, Hongqiao, signing of Cordis Hangzhou and the re-branding of its Auckland property to a Cordis hotel.
The Langham Auckland, one of New Zealand’s leading hotels will be rebranded as Cordis, Auckland
Cordis Hotels and Resorts is a new generation of selected upper upscale modern hotels by Langham Hospitality Group, which will see The Langham Auckland rebranded on 1st November 2017.
Wyndham Expands in New Zealand with Second Hotel in Queenstown
Wyndham Hotel Group has announced the signing of its second hotel in Queenstown, ideally timed to service a need for high-quality accommodation in New Zealand’s third largest tourism market.
Colliers International release New Zealand Hotel Market Snapshot May 2017
Dean Humphries, National Director of Hotels New Zealand and South Pacific says the New Zealand hotel sector is set up for potentially its best performing year on record.
Queenstown leads most buoyant period for hotel sales in a decade
The booming tourist hot spot also notched up the largest single hotel transaction of the last decade, with the 273-room Novotel Lakeside Queenstown changing hands for $91m.
Colliers release New Zealand Hotel Sales Report March 2017
The New Zealand hotel market has in recent times witnessed its most buoyant period of transactional activity since 2005/06 with over $500 million of hotel assets changing hands in 2015/16.
