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Hot Topic Local Govt
Property
3 mins to read

JW Marriott relaunches, at a new record price tag of $205m

CP Group consortium has pushed its way back into the top tier of NZ’s most expensive hotel properties.

Lower Albert Street’s JW Marriott.

Brent Melville Thu, 15 May 2025

When a consortium led by the Pandey family’s CP Group paid $170 million to Singaporean billionaire Chio Kiat Ow for the 286-room Stamford Plaza in December 2022, it set the high water mark for a hotel price. 

Nine days after the December 6 settlement and after some swift modifications, including

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Brent Melville Thu, 15 May 2025
Contact the Writer: bmelville@nbr.co.nz
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Tags
Precinct Properties IHG Intercontinental JW Marriott Marriott International

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