Four Points by Sheraton Auckland

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Property Id : 31338
Price: 130,300,000 NZD
Rooms: 255
Sold for 130,300,000 NZD Rooms: 255
Price Per Room: 510,980 NZD

This hotel was acquired as part of a portfolio in 2019 by New Zealand Hotel Holdings, a newly established NZ$300m joint venture partnership between the $43b New Zealand Super Fund and the Russell & Lockwood Group of Companies. The other hotels included the Adina Apartment Hotel Britomart Auckland & Breakfree on Cashel Christchurch.

The Four Points by Sheraton Auckland comprises a recently completed 255 room 4.5 rated hotel which was a conversion & expansion of a former office building.  The hotel included a roof top bar, restaurant, conferencing facilities and basement parking.  The hotel is subject to a long-term management agreement with Marriott with VP not available on sale.  The hotel was still in a trade-up phase at the date of sale.

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Dean Humphries

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