New Zealand Hotel Holdings Leading Hotel Portfolio Available for the First Time
New Zealand – Leading New Zealand hotel group NZ Hotel Holdings (NZHH) is divesting its nationwide portfolio of hotel assets.
The opportunity is the largest hotel portfolio ever brought to market in New Zealand, presenting a once in-a-generation opportunity for investors to deploy capital into high-quality assets across a diversity of market segments.
CBRE's Michael Simpson, Peter Hamilton and Nick Hill are managing the sale via an International Expressions of Interest Campaign. The sale is aligned with the investors' strategy to develop high quality assets and to re-invest the proceeds of those developments into further growth opportunities.
NZ Hotel Holdings is a partnership between NZ Super Fund, Russell Property Group and the Lockwood Property Group, formed in 2019 to develop New Zealand hotel assets to support domestic and international tourism in New Zealand.
The unparalleled combination of experience of the partners has meant that complexities of acquiring, structuring, seismically strengthening and delivering a unique portfolio of world-class investment grade hotels has been mitigated for the new owner.
Its portfolio comprises market-leading Auckland hotels Four Points by Sheraton, QT Auckland, and Adina Apartment Hotel Britomart, as well as Rydges Rotorua and Rydges Wellington, Sofitel Queenstown Hotel and Spa, and BreakFree on Cashel in Christchurch.
The New Zealand Government has demonstrated robust support for the growth of tourism, which was formerly the nation's largest export earner. New international tourism campaigns targeting high population and high-value markets, such as India, China, and the USA, along with increased sector funding, are anticipated to enhance international visitation and drive hotel demand.
With tourism now back on a growth curve, strong market fundamentals with increased international interest, the opportunity is here to pass on the portfolio to an investor seeking scale, geographic diversity and holistic coverage of New Zealand's key tourism markets. NZHH Chief Executive Marcus Reinders
Recent benchmarks such as the record-setting sale of the InterContinental Auckland Hotel supports this view.
This is the largest and most comprehensive portfolio of investment grade hotels ever brought to market in New Zealand. New Zealand is an aspirational travel destination, world-renowned for its stunning natural landscapes, diverse wildlife, and rich cultural heritage. The portfolio offers expansive coverage of all of New Zealand's major markets, with the portfolio hotels appealing to business and leisure travelers across all market segments. Michael Simpson, Managing Director of CBRE Hotels Pacific
The International Expressions of Interest Campaign closes on Thursday 26th June 2025 at 4pm NZST.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world's largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
Katherine Yu
Senior Manager, External Communications, Asia
+852 2820 1512
CBRE Hotels
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