Malaysian company snaps up Hotel Indigo for $160m
Newly finished IHG hotel goes to company controlled by Malaysian infrastructure and investment giant YTL Corp for a ‘near record’ price.
The Overseas Investment Office has signed off the $160 million purchase of Auckland's upmarket Hotel Indigo by giant Malaysian company, YTL Corporation Berhad.
At $700,000 per key, the deal follows the record $180m price paid by Singaporean investor Hotel Properties to Precinct Properties for the
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