Aussie group buys Eichardt's hotel in Queenstown
Melbourne-based investors have taken possession of Queenstown¹s historic lakeside landmark
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Melbourne-based investors have taken possession of Queenstown¹s historic lakeside landmark, Eichardt¹s Private Hotel.
The sale to The Imperium Capital Group went unconditional on December 17. Imperium's portfolio includes a number of other properties in the hospitality and leisure sector.
Christchurch-born managing director Andrew Cox says the group intends building the Eichardt¹s brand and working with other luxury partners in Queenstown. He says Eichardt¹s management will remain unchanged.
Highland Resorts has sold the Eichardt¹s hotel business as well as the Eichardt's Lakefront Cottage Suites.
"When we took over the property after the devastating flood of 1999 we were proud to be a part of the renaissance of the property and to open the hotel in all its glory in a format that was fitting for the hotel, the Queenstown waterfront and the region in general," Highland co-director Stephen Fisher said.
The hotel comprises five luxurious suites within the historic building and four, two-bedroom suites in the Lakefront Cottage.
The sale price was not disclosed.
NBR Staff
Wed, 22 Dec 2010
Wed, 22 Dec 2010
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Aussie group buys Eichardt's hotel in Queenstown
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