A portfolio of four Auckland hotel, lodge and commercial properties, three of which are occupied by award-winning tour and accommodation provider Haka Tourism Group on ten-year leases, are up for sale.
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.
New Zealand can’t afford to ease up on hotel development
Thousands of more new hotel rooms are set to come on stream within the next seven years as a result of increased levels of hotel construction activity but New Zealand is still at risk of being left behind by other tourist friendly countries.
