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26 May 2022 3:56
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  •   Home > News > Business

    Hotels have been bought and sold like never before this year

    Hotels have been bought and sold like never before this year


    Transactions are the highest on record, topping 400-million dollars.

    Those sold this year include high profile sites like the Sofitel Queenstown, Rydges Wellington and lifestyle hotel QT Auckland.

    Real estate firm Colliers says it's a sign investors are predicting tourism will rebound strongly post Covid-19.

    Hotel National Director Dean Humphries says it's a historic result.

    He says the last time there was a peak was 2015, and that was only 300-million dollars.

    © 2022 Newstalk ZB, NZCity

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