TAHL sells Rotorua properties
Rotorua’s two top hotels have been sold for NZ$43 million in the largest single New Zealand commercial property transaction year-to-date.
CBRE Hotels negotiated the sale of the Novotel and Ibis Hotels on behalf of Australian owner Tourism Asset Holdings Limited (TAHL).
The transaction follows the NZ$180 million sale last year of TAHL’s other New Zealand hotels to US based Host.
The purchaser of the Rotorua properties has not been disclosed, but CBRE Hotels New Zealand director Warren Hutt said the buyer was a New Zealand based group which already has substantial interests in Auckland.
Ian Jarrett
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Strike action set to cause travel chaos at Brussels airports
All eyes on Qatar as Qatar Airways leads a season of global events