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HomeTourism NewsSingapore TourismHVS Asia Pacific Hospitality Newsletter - Week Ending 19 November 2021

HVS Asia Pacific Hospitality Newsletter – Week Ending 19 November 2021

The Rydges Wellington Hotel Acquired by NZ Hotel Holdings Asset LP in New Zealand

Located right across Wellington train station with a strong base of corporate, government, and leisure demand, The Rydges Wellington Hotel has been sold for AUD100 Million to NZ Hotel Holdings Asset LP, a partnership between the New Zealand’s sovereign wealth fund, NZ Super Fund, The Russell Property Group, and Lockwood Property Group. Rydges Wellington will join a strong tourism portfolio that includes the Four Points by Sheraton and Adina Apartment Hotel Auckland, Holiday Inn Rotorua, Breakfree Hotel in Christchurch, and the Sofitel Queenstown. Initially developed in 2007 and sold to investors in New Zealand, Australia, Asia, and the United Kingdom, the four-star Rydges Wellington is the largest hotel in the capital. The 17-level property features 280 rooms including 19 suites, five conferencing spaces, a fitness centre, a lap pool, a spa and sauna, and an award-winning restaurant and bar. Upon…

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