TFE, Heritage Hotels join forces in NZ property management deal

Sunday, 29 Sep, 2024 0

TFE Hotels has teamed up with New Zealand accommodation provider, Heritage Hotels, in a multi-property management agreement.

The partnership will see five New Zealand hotels refurbished over the next few years.

Under the newly inked agreement, Heritage Hotels retains ownership of its portfolio in New Zealand.

TFE Hotels will manage more than 500 rooms across the five properties, including the Adina Citylife Auckland and Rendezvous Heritage Auckland.

In Wellington, the Adina CityLife Wellington offers apartment-style accommodation while the Rendezvous Heritage Hotel will re-establish a TFE brand presence in Christchurch.

Also included in the deal is 175-room Rendezvous Heritage Queenstown in New Zealand’s adventure tourism capital.

Heritage Hotels’ MD, Jeffrey Tang, said plans are already underway to upgrade all five hotels in a rolling refurbishment plan.

“TFE Hotels is complementary to our vision for the future.”

Tang said Heritage Hotels would also benefit from TFE Hotels’ global distribution systems.

Given the expanded presence, TFE Hotels will establish a New Zealand country office in Auckland.

TFE Hotels opens the 102-room EVE Hotel in Sydney this summer and the $150 million Hannah St. Hotel in Melbourne in late 2025.

Heritage Hotels and TFE Hotels said they will explore further opportunities to expand and develop together.

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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

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