Hotel developments emerge as occupancy and profitability rises
Two new hotel investment offerings are being offered while still at the design stages.
CBRE is marketing the yet-to-be-built CoSa hotel to be operated by StayWell as a Leisure Inn.
Owner/operators are offered vacant possession of the 3.5-star hotel.
Construction is due to begin soon with completion in early 2015.
The marketing blurb says it is strategically located on the northern fringe of the Christchurch CBD and walking distance to the new (yet to be constructed) anchor projects such as a convention centre and performing arts centre.