United Kingdom
United States
Asia Pacific
TAHL sells Rotorua properties
Friday, 09 Aug, 2011
0
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
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Gatwick braces for strike