Record price for hotel portfolio sale as US hospitality giant exits
The sale marks the end of a 15-month programme to offload US-based Host Hotels & Resorts' New Zealand hotel portfolio.
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Two Accor-managed Christchurch hotels have sold for $43 million giving US-based Host Hotels & Resorts a record $257 million for the sale of its seven-hotel portfolio.
The sale of the 154-room Novotel and 155-room Ibis to an offshore trust that already has a portfolio of New Zealand hotels marks
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Sally Lindsay
Thu, 03 Nov 2016
Thu, 03 Nov 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Record price for hotel portfolio sale as US hospitality giant exits
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