The $80 billion NZ Super Fund and co-investors Russell Group and Lockwood assembled the country's third largest hotel portfolio over the past five years.
NZ Hotel Holdings is shopping its $600 million hotel portfolio as its biggest shareholder, the New Zealand Superannuation Fund, looks to recycle capital.
The hotel group, formed in 2019, is a venture between 50% shareholder Guardians of New Zealand Superannuation, and the Russell Property Group and