Queenstown hotel sells for 50% gain
Transaction follows related party purchase of former Dorchester Property Trust asset last year.
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Auckland-based property investor Mark Francis has bought the Goldridge Resort hotel in Queenstown through a family trust for about $12 million, 50% more than it sold for a year ago.
The hotel, on the Frankton road between Queenstown and the airport, was previously part of Dorchester Property
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Tim Hunter
Mon, 27 Jun 2016
Mon, 27 Jun 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Queenstown hotel sells for 50% gain
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