Sofitel Queenstown - SOLD

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Sold for 60,000,000 NZD Rooms: 82
Price Per Room: 731,707 NZD
Property Id : 31332

The 5-star 82 room Sofitel Queenstown Hotel and Spa is one of New Zealand’s most iconic hotel assets located in the heart of the Queenstown town centre. Facilities include three award winning restaurant and bars, conferencing areas, gymnasium, an award-winning spa, and a number of retail and commercial tenancies. Originally constructed in 2005, the six-level hotel enjoys elevated views toward Lake Wakatipu and the surrounding ranges and is one of the most prized hospitality assets in New Zealand.

The strata titled hotel was acquired in its entirety in early 2021 by New Zealand Hotel Holdings, a joint venture partnership between the New Zealand Super Fund & the Russell & Lockwood Group of Companies. The record sale price reflected the strategic location and historically high performance of this asset.  At the date of sale, the hotel was subject to a management agreement with Accor.

Dean Humphries

National Director - Hotels New Zealand
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