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Otago Daily Times
2 days ago
- Business
- Otago Daily Times
Quake-damaged hotel to become five-star Sheraton
By Adam Burns of RNZ A Christchurch hotel building that has sat empty in the central city since the earthquakes will soon become a five-star Sheraton hotel as a result of a $150 million rebuild. Mainland Capital and Russell Property Group have struck a deal with global hotel giant Marriott International to develop the former Rydges Hotel on Oxford Terrace. First established as Noahs in the 1970s, the building was badly damaged in the 2011 earthquake. Plans to restore the building stalled because of a long-standing legal dispute between building owners and insurers that ended up in the Supreme Court. Mainland Capital director Ben Bridge told RNZ the Sheraton hotel plans were a major milestone for the city's post-quake recovery. "This has been a building that's been a bit of a blight on the landscape for the 15 years since the earthquake. It's been identified by the council and the public as something they would like to see resolved. "To be able to bring that to fruition with our partners, I think it's a pretty significant step for solving one of the problematic sites in the city." The 14-storey building would include 240 rooms or suites, a restaurant, a rooftop bar, event spaces and a gym when it opened in mid-2027. The original building was established before the 1974 Christchurch Commonwealth Games and has had a number of high-profile guests over the years, including the Shah of Persia, Princess Diana, King Charles and Sir Elton John. "It has a long 50-year history and I think that's what's really engaged the public," Bridge said. "I think there's a really strong support for it from the public to have something done. If that could be the restoration of what was quite an iconic hotel in its day then all the better." An under-supply of hotels in Christchurch had also been identified during planning talks. Bridge said an opportunity was identified by virtue of the neighbouring Te Pae Convention Centre having its busiest period during the slower winter months for the hospitality sector. He said opening of One New Zealand Stadium and Parakiore Recreation and Sport Centre were also factors around forecast increases in accommodation demand. "We've been waiting a long time to see that a hotel would come out of the ground in Christchurch. To be able to do this and hopefully set the bar relatively high, we hope others will follow," he said. Te Pae general manager Ross Steele said the hotel would be "a game changer". "[The convention centre] has led the way for New Zealand's re-entry into the international convention market, this five star Sheraton hotel, opening in 2027, will take us to the next level."
1News
2 days ago
- Business
- 1News
Long-shuttered Christchurch hotel to reopen as a five-star Sheraton
After sitting dormant for nearly 15 years, one of Christchurch's most well-known hotels is being reborn as a Sheraton Hotel, part of the Marriot hotel group. The former Noah's Hotel on Oxford Terrace, more recently operated as the Rydges, is currently undergoing a $150 million transformation, with plans for 240 rooms, an array of dining options, and the city's highest rooftop bar. It's set to open mid 2027. The hotel will be the first Marriot hotel in the South Island. (Source: 1News) Built just over 50 years ago, the hotel played host to royalty and global celebrities during its hey-day, including Princess Diana, Prince Charles, Sir Elton John, The Beach Boys, the Shah of Persia, and even the late Queen Elizabeth II. ADVERTISEMENT After the 2011 earthquakes, the damaged building was stuck in a decade-long insurance dispute that saw it eventually listed on the Christchurch City Council's 'dirty thirty' list of sites slowing down the rebuild. The property's now owned by Emmons New Zealand Ltd, a joint venture between Mainland Capital, Russell Property Group, and Lockwood Property Group. Mainland Capital Director Ben Bridge said the team is thrilled to secure the Sheraton as the hotel operator. 'To bring a brand of that quality to Christchurch is a real statement of belief in the future of the town and the region,' he said. 'First and foremost, it's going to be a great hotel. But right up there is the fact that the public will get a lot of use out of it – whether that's a rooftop bar we'll call Noah's, in deference to the original hotel, or the food and beverage offering downstairs by the river. We want the public to feel this is their space as well,' he said. Construction is well underway on the project, with strengthening work almost complete. The designers are already working on 'mock-up' rooms. (Source: 1News) ADVERTISEMENT Bridge said the structure held up well from the quakes, as it was built to a high engineering standard in the 70's to withstand earthquakes, wind-loads and terror attacks. 'The bones are rock solid, right down to the spiral staircase that used to lead up to the Waitangi room - really solid.' ChristchurchNZ chief executive Ali Adams said the hotel was much needed, as the city was experiencing high demand for premium rooms. Last July we had the highest occupancy for hotels in a decade – nearly 70 percent. And that was driven a lot by a new venues, Te Pae especially'. She said occupancy would increase next year after the new stadium Te Kaha opens in April. "We do need some of the high-end rooms, and to see an icon repurposed like this, and one that is much loved is really exciting for Otautahi."
Otago Daily Times
2 days ago
- Business
- Otago Daily Times
Quake-damaged Christchurch hotel to become five-star Sheraton
By Adam Burns of RNZ A Christchurch hotel building that has sat empty in the central city since the earthquakes will soon become a five-star Sheraton hotel as a result of a $150 million rebuild. Mainland Capital and Russell Property Group have struck a deal with global hotel giant Marriott International to develop the former Rydges Hotel on Oxford Terrace. First established as Noahs in the 1970s, the building was badly damaged in the 2011 earthquake. Plans to restore the building stalled because of a long-standing legal dispute between building owners and insurers that ended up in the Supreme Court. Mainland Capital director Ben Bridge told RNZ the Sheraton hotel plans were a major milestone for the city's post-quake recovery. "This has been a building that's been a bit of a blight on the landscape for the 15 years since the earthquake. It's been identified by the council and the public as something they would like to see resolved. "To be able to bring that to fruition with our partners, I think it's a pretty significant step for solving one of the problematic sites in the city." The 14-storey building would include 240 rooms or suites, a restaurant, a rooftop bar, event spaces and a gym when it opened in mid-2027. The original building was established before the 1974 Christchurch Commonwealth Games and has had a number of high-profile guests over the years, including the Shah of Persia, Princess Diana, King Charles and Sir Elton John. "It has a long 50-year history and I think that's what's really engaged the public," Bridge said. "I think there's a really strong support for it from the public to have something done. If that could be the restoration of what was quite an iconic hotel in its day then all the better." An under-supply of hotels in Christchurch had also been identified during planning talks. Bridge said an opportunity was identified by virtue of the neighbouring Te Pae Convention Centre having its busiest period during the slower winter months for the hospitality sector. He said opening of One New Zealand Stadium and Parakiore Recreation and Sport Centre were also factors around forecast increases in accommodation demand. "We've been waiting a long time to see that a hotel would come out of the ground in Christchurch. To be able to do this and hopefully set the bar relatively high, we hope others will follow," he said. Te Pae general manager Ross Steele said the hotel would be "a game changer". "[The convention centre] has led the way for New Zealand's re-entry into the international convention market, this five star Sheraton hotel, opening in 2027, will take us to the next level."
RNZ News
2 days ago
- Business
- RNZ News
Quake-damaged abandoned Christchurch hotel set to become five-star Sheraton
The central Christchurch hotel has been empty since 2011. Photo: RNZ / Nate McKinnon A Christchurch hotel building that has sat empty in the central city since the earthquakes will soon become a five-star Sheraton hotel as a result of a $150 million rebuild. Mainland Capital and Russell Property Group have struck a deal with global hotel giant Marriott International to develop the former Rydges Hotel on Oxford Terrace. First established as Noahs in the 1970s, the building was badly damaged in the 2011 earthquake . Plans to restore the building stalled because of a long-standing legal dispute between building owners and insurers that ended up in the Supreme Court. Mainland Capital director Ben Bridge told RNZ the Sheraton hotel plans were a major milestone for the city's post-quake recovery. Plans to retsore the building have stalled in the past. Photo: RNZ / Nate McKinnon "This has been a building that's been a bit of a blight on the landscape for the 15 years since the earthquake. It's been identified by the council and the public as something they would like to see resolved. "To be able to bring that to fruition with our partners, I think it's a pretty significant step for solving one of the problematic sites in the city." The 14-storey building would include 240 rooms or suites, a restaurant, a rooftop bar, event spaces and a gym when it opened in mid-2027. The original building was established before the 1974 Christchurch Commonwealth Games and has had a number of high-profile guests over the years, including the Shah of Persia, Princess Diana, King Charles and Sir Elton John. "It has a long 50-year history and I think that's what's really engaged the public," Bridge said. "I think there's a really strong support for it from the public to have something done. If that could be the restoration of what was quite an iconic hotel in its day then all the better." What the Sheraton Hotel could look like. Photo: SUPPLIED An under-supply of hotels in Christchurch had also been identified during planning talks. Bridge said an opportunity was identified by virtue of the neighbouring Te Pae Convention Centre having its busiest period during the slower winter months for the hospitality sector. He said opening of One New Zealand Stadium and Parakiore Recreation and Sport Centre were also factors around forecast increases in accommodation demand. "We've been waiting a long time to see that a hotel would come out of the ground in Christchurch. To be able to do this and hopefully set the bar relatively high, we hope others will follow," he said. The Sheraton is scheduled to open in 2027. Photo: SUPPLIED Te Pae general manager Ross Steele said the hotel would be "a game changer". "[The convention centre] has led the way for New Zealand's re-entry into the international convention market, this five star Sheraton hotel, opening in 2027, will take us to the next level." Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
