Hotel asset sale will end another licensing trust
The Mt Wellington Licensing Trust is selling its assets as it can’t afford to do the seismic strengthening work required.
Waipuna Hotel and Conference Centre.
The Mt Wellington Licensing Trust has made the call to put its two assets – the Waipuna Hotel and Conference Centre and the Panmure Historic Hotel – up for sale.
The move means it will invest the proceeds into a more diversified portfolio of investments and likely morph from one of the last five
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