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The five-star Sofitel Queenstown Hotel and Spa is set to change hands in what will be New Zealand’s most significant hotel transaction of 2020. The deal follows the sale of the 65-room Discovery Lodge in Queenstown, announced last month. Both transactions were brokered by Dean Humphries, National Director of Colliers International’s Hotels team. The Sofitel…
The well-known and popular Marlborough Vintners Hotel – surrounded by vineyards in the heart of Marlborough’s internationally acclaimed wine region – has been placed on the market for sale by its founding owners. Colliers Marlborough is handling the sale of the land, buildings, and business of Marlborough Vintners Hotel. Sales director Andy Poswillo says: “This…
One of New Zealand’s most well-known beachfront hospitality operations – located on one of the country’s busiest tourist routes and a strategically important stop on a new cycle trail – has been placed on the market for sale. The Store in Kekerengu on the Kaikoura Coast of the South Island is a fully licensed restaurant,…
The Christchurch City Council has won the bid to own a prime central city block of land adjacent to the site of the new stadium. Located on the corner of Hereford and Barbadoes Street, the land comprises a total combined area of 1,037sqm in two certificate titles. Paying $1.54 million, Council outbid the private sector…
A large tract of land that was once home to Christchurch secondary school Marian College, is being tipped as ripe for urban housing renewal. Covering 17,737sq m in two titles, the development site is in the north-east of North Parade in the suburb of Richmond, is being sold by the Catholic Diocese. Marian College was…
Just over 12 months on from the onset of Covid-19 and the first national lockdown, New Zealand’s hotel sector at last has some positive factors to focus on, according to the latest research report from hotel property specialists – Colliers. Dean Humphries, National Director of Colliers Hotels notes that it has now been 12 months…
As a teenager, Paul Kelly used to pour petrol at the now Z Moorhouse site he is selling on the Christchurch CBD fringe. The well-known car dealer has owned the site for the past 20 years, but it wasn’t always that way. “When I was 15 years old, I used to work the Sunday 4pm-mdnight…
Leading commercial property and investment management business Mackersy Property has added a central Christchurch car park building to its $2 billion portfolio. Located at 160 Lichfield Street in the central city, the carpark is on the doorstep of the new Canterbury Multi Use Arena (the stadium). Investment broker Courtney Doig of Colliers received multiple offers…
Banks Peninsula is capturing the imagination of Kiwis afresh, what with the overwhelmingly successful crowd funding campaign to ‘buy the hill’ earlier this year followed by the sale of the historic Grand Hotel in Akaroa. Against that backdrop, Philip Cooper and Michael Lough of Colliers believe the landmark Hilltop Hotel, with its panoramic views into…
Despite the significant impact of the Covid-19 pandemic, New Zealand has completed the highest level of hotel transactions on record in 2021. Dean Humphries, National Director of Hotels at Colliers, says in the calendar year ending 31 December in excess of $400 million of hotel deals will have settled, representing a staggering 33 per cent…
Colliers’ rural business is growing with nine new experts joining the team in the last six weeks. Colliers has an ongoing commitment to New Zealand’s Rural and Agribusiness sector with more than 50 rural specialists across the country. The team offer sales, valuation and advisory services across a wide range of rural and agribusiness assets…
Colliers International’s Q2 2020 New Zealand Hotel Market Snapshot, released this week, examines the impact the Covid-19 pandemic has had on the sector, and the early beginnings of the recovery process. The New Zealand hotel sector has experienced a challenging second quarter, due to a full nationwide lockdown through much of April and May. This…