Latest news with #TheCarlin
NZ Herald
05-08-2025
- Business
- NZ Herald
Queenstown's Carlin Residence Club: What's it like staying in a $6k a night penthouse?
The Carlin is staggered over Queenstown hills. Photo / James Allan. BDO Christchurch, appointed to settle Carlin's estate, found debt of $45 million. Paynter coyly told the hiker he was an 'old property developer'. (He's actually developed several big projects across New Zealand). 'She said, 'Well, have I got a deal for you... Do you want to buy it?'' Paynter tells me over a glass of Quartz Reef Central Otago Brut in a luxury suite with an unobstructed view of Lake Wakatipu, The Remarkables and the Skyline Queenstown gondola going up and down from Bob's Peak. Paynter asked if she had heard of a co-ownership model, and The Carlin Residence Club was born. Alanah Eriksen enjoys the expansive deck of the penthouse. With the hotel's Australian owner and US fractional ownership company Elite Alliance, Paynter is bringing a concept never before seen in New Zealand. Individuals can purchase a tenth of a title of one of the former hotel's eight units. Prices start at $550,000 for a share of one of the six two-bedroom 145m2 units. The one-bedroom 172m2 penthouse is $695,000 and the three-room 236m2 presidential suite is $895,000. But the public can still benefit from the revamp - apartment owners can rent out the properties for between $3000 and $7000 a night. The penthouse The penthouse suite at Queenstown's, The Carlin. So what is a $6000-a-night penthouse like? Spacious and elegant, with the critical design feature that everything is oriented towards the mountains. I got to stay at The Carlin over a weekend in June and the first thing that strikes you is the panoramic view from the expansive deck, which runs the length of the unit. The penthouse suite, which is due to be refurbished. You could entertain 20 people on this epic deck. But you conveniently won't be obliged to house them afterwards as it's a one-bedroom pad. The technology is more advanced than anywhere I've stayed, with a heated spa with all the jets and bubble functions you could hope for. You can even play music out of it. There are several light settings, two big flat-screen TVs, a remote control fireplace, a heat pump and a marble fire pit on the deck. And one suspects there is also some sort of central heating on top of all this gadgetry because if you turn off all of these heaters, the apartment still stays warm. The massive ensuite has heated tiles and a heated toilet seat with bidet functions. But there is also a more traditional non-electronic second throne (or powder room) if you get intimidated. And for a touch of spice - the shower has no door. A deep freestanding bathtub even has a pillow for residents to rest their heads after a day of hitting the slopes, wineries or shops. In the bedroom, guests can wake up in the plush, super king bed (after booting off the dozens of pillows arranged into an elaborate pyramid) to look out on to the lake. Guests can enjoy fluffy robes with The Carlin emblem on them, and bamboo slippers. The penthouse offers a deep bathtub and a heated toilet seat. The little details are on point. Fluffy white robes carry the iconic teal-coloured Carlin emblem. In the same colour, a jewellery holder next to the bed is perfect for residents' diamond earrings, and a shoe shiner and shoehorn take pride of place in the bathroom. If you need it, there's a full chef's kitchen but guests are offered a cooked breakfast in the residents lounge, which would suit those flying in from far-flung locations. The suite offers a full kitchen. A render of The Carlin's residents lounge. Guests can also enjoy a free cocktail at happy hour and mouth-watering tapas in the lounge. My favourite pre-dinner morsels were the braised lamb shoulder croquettes with smoked aioli, chimichurri and Grana Padano. The fresh tuna and blood orange tartare taco and the overnight-cooked beef ribs with kimchi glaze and fried shallots were also a dream. Guests can enjoy complimentary tapas, including the braised lamb shoulder croquettes with smoked aioli, chimichuri and Grana Padano. Fresh tuna and blood orange tartare taco. Overnight cooked beef ribs with kimchi glaze and fried shallots. The concierge is at your beck and call, arranging a massage in a club treatment room or on your majestic deck if you prefer. Other services include a pre-arrival grocery shop, charter boat and shuttle service bookings and bespoke tours. The Carlin also has a gym, electric bikes, clothing and equipment storage and laundry services. So much to do If you can part with the room and brave the winter, I recommend getting your steps up with a 10-minute walk to the city's array of bars and restaurants. Sunfire's market fish - a creamy dish that includes clams, prawns, bacon, smoked potato and velouté was to die for. Eichardt's Bar, attached to the hotel of the same name, which has welcomed travellers through its doors since 1861, was a cool, cosy spot for a nightcap. Eichardt's Private Hotel is right on the lakefront in Queenstown. Once home to Queenstown's first building — William Rees' woolshed - the bar's fireplace and leather couches keep you comfortable and toasty and the cocktails are refreshing. At Madam Woo, which defied the odds to emerge from voluntary administration in 2023, the pork dumplings in hot broth, beef rendang and honey and soy-tossed squid are a must-try. The Ginger Mojito and Asia Classic are also worth a go. Madam Woo in Queenstown. Picture / James Allan. Coronet Peak is just a short car drive from the property, or go a bit further to Cardrona. Even if you're not a skier, the hairy drive up the mountain is worth it for the view. On the way down, warm up with a mulled wine and soup of the day (potato and leek was on offer at the time) at the iconic Cardrona Hotel. Despite its reputation as a winter wonderland, Paynter says Queenstown is much busier in the summer with people jetting in for the hiking, cycling and wineries. Alanah Eriksen at the Cardrona Hotel. Queenstown's Ayrburn. Photo / Jason Oxenham It's also worth checking out the Rifters gin tasting room in Arrowtown. The New Zealand brand has just won the World's Best Navy Gin award at the prestigious World Drinks Awards in London. Timeshare v fractional ownership With a commerce degree up his sleeve and a wife and daughter who are high-end interior designers (three homes they worked on have won the New Zealand's House of the Year Award), Paynter's Duchamp Collective is giving The Carlin a new lease on life. And he's the man for it - after university, Paynter worked for his father's construction company which built the Queen Elizabeth II Park, a multi-purpose stadium, for the 1974 Commonwealth Games in Christchurch. He went on to build Wānaka's Edgewater Resort, retirement villages and shopping complexes. Developer Richmond Paynter of DuChamp Collective. Duchamp's interior designers, Susie and Teassa Paynter. Elite's first development was a set of apartments in Utah's Deer Valley 35 years ago. Owners of The Carlin apartments can trade in their weeks for 120 properties within the Elite group dotted around the world, including in Marrakesh, Sicily, Tulum, Bali, Whistler and Dubai. So how does the concept differ to a timeshare? 'You are buying capital, not time,' says Paynter. President of Elite Rob Goodyear adds that The Carlin concept is perfect for people who 'don't want to feel anchored to one location'. 'People who have holiday homes really only use them 35 days a year... we release them from the burden of full home ownership.' CHECKLIST Getting there Four airlines fly to and from Queenstown, including Air New Zealand, Qantas, Virgin Australia, and Jetstar. The Carlin offers airport transfers. Details For more information, visit New Zealand Herald Travel visited courtsey of The Carlin.
Otago Daily Times
11-07-2025
- Business
- Otago Daily Times
Carlin Hotel sold for $10m less than it cost to build
The Carlin Hotel. PHOTO: SUPPLIED Queenstown's The Carlin Hotel was bought for $10 million less than it cost to build. Developer Kevin Carlin spent $30m building the "beyond five-star" boutique Hallenstein St hotel, which opened in April 2022. The following March, he listed the building for sale for $35m. Last October, secured creditor Pablo (Aust) Pty Ltd bought it for $20.71m, according to the latest receiver's report into Ex CHPML Ltd, formerly Carlin Hotel Property Management Ltd. Pablo owned three of The Carlin's units, along with two carparks. The remaining six units and four parks were owned by Queenstown Views Villas Ltd (QVVL). Ex CHPML had operated the hotel, while another company, Ex TCHL (formerly The Carlin Hotel Ltd), owned its intellectual property. Two months after Mr Carlin suddenly died in December 2023, Ex CHPML and QVVL were put into receivership. At the time, the companies' combined debt was $45m, $40m of which was owed to Pablo. Last July, Ex TCHL was also put into receivership, owing Pablo about $12.5m. In September, it and Ex CHPML were placed into liquidation. The following month, Pablo bought The Carlin's business and assets. In their third report into Ex CHPML, receivers Colin Gower and Diana Matchett, of BDO Christchurch, said that in April this year, a 2015 Porsche Cayenne was sold at auction for $24,000. The Carlin is continuing to operate under Pablo's management. The summary of receipts between August 26, 2024 and February 25, 2025, shows accommodation revenue totalled $271,683. Food and beverage sales totalled $388. To date, Pablo had received $403,100 from Ex CHPML and another $967,000 was owed. Preferential creditor Inland Revenue was owed $317,000, while unsecured creditor claims totalled $3.9m. It was unlikely there will be any funds for unsecured creditors, the receivers said. Payments for the period totalled $1,017,185, which included $403,201 to the appointer, a $274,500 "internal transfer" to QVVL, $58,557 in wages and salaries, $42,201 for cleaning services and $25,365 for advertising and marketing. The receivers' latest report for QVVL showed building materials had been sold, via online auction, raising $27,315. An interim distribution was made to Pablo by that company in October, totalling 20.33m but $617,000 is still owed. Unsecured creditors had made claims totalling $2m to date — any distribution was unlikely.
Otago Daily Times
05-06-2025
- Business
- Otago Daily Times
Luxury suite stakes on offer
Queenstown hotel The Carlin. PHOTO: SUPPLIED The owner of luxury Queenstown hotel The Carlin is offering shares of the building's former suites under a co-ownership model it claims is a New Zealand first. The Hallenstein St property, which opened in early 2022 after a $30 million build by the late Kevin Carlin, is being repackaged by its Australian owner, Pablo Pty Ltd, as The Carlin Residence Club. Buyers can own a 10% stake in any one of the building's six two-bedroom suites, one "penthouse residence" and one three-bed "presidential residence". They will be sold on strata titles under a common ownership agreement. Following Mr Carlin's death in late 2023, the hotel's management company and another company that owned six of the nine units were placed in receivership, with a combined debt of about $45m. Pablo, which owned the other three units, bought the building outright in a receivership sale last year. The repurposing is being led by New Zealand developer The Duchamp Collective and global firm Elite Alliance. The co-ownership model allows buyers to own a portion of a vacation property.
Otago Daily Times
02-05-2025
- Business
- Otago Daily Times
Distribution to hotel creditors considered ‘unlikely'
Millions of dollars are owed to creditors on the boutique Carlin Hotel, which is in receivership. PHOTO: SUPPLIED Liquidators appointed to a luxury Queenstown hotel consider a distribution to creditors is "unlikely". In their first report into Ex TCHL, previously The Carlin Hotel Ltd, and Ex CHPML, previously Carlin Hotel Property Management Ltd, PricewaterhouseCoopers NZ's Judith Shields and Malcolm Hollis said they were finalising their review of the bank statements of the companies. "Should we identify any avenues for recovery, we will advise on this in our next report." The late Kevin Carlin developed The Carlin, comprising nine units and six carparks, along with a restaurant,costing about $30 million, on Hallenstein St. Opening in March, 2022, six units and four carparks were owned by a related company, Queenstown Views Villas (QVV). The rest were owned by secured creditor Pablo Pty Ltd. Mr Carlin died suddenly, of natural causes, in December, 2023 — about two months later, Pablo placed Ex CHPML and QVV into receivership. At the time, the companies' combined debt was about $45 million, $40m of which was owed to Pablo. Last July, Ex TCHL — which held the intellectual property for the hotel — was placed in receivership by Pablo, which was owed about $12.5m. Ex CHPML and Ex TCHL were placed into liquidation last September. The liquidators report, for the six months to March 23, said receivers continued the operation of the hotel, pending the initiation of a sales process — Pablo purchased The Carlin last October. By November the debt had dropped to $29.5m. But because the receivers had been trading the hotel, there were no accounts receivable for the liquidators to collect, their report said. Because there were no realisations in the liquidation of Ex TCHL, no fees had been taken. Regarding Ex CHMPL, at March 23 cash at bank totalled $9500. Expenses over the reporting period totalled were $12,057; liquidators remuneration and expenses totalled $10,500 and the balance was attributed to GST on payments. Receipts totalled $21,575, $20,000 of that was shareholder funding, and $1575 from "GST clearing account". Last month, Mountain Scene reported receivers appointed to Ex TCHL are establishing the "security position" of a vehicle, understood to be a baby blue 2014 Bentley Mulsanne, which may be subject to a finance lease.
Otago Daily Times
27-04-2025
- Business
- Otago Daily Times
Baby blue Bentley sought by The Carlin's liquidators
Receivers appointed to one of the companies associated with late Queenstown developer Kevin Carlin have turned their attention to a luxury vehicle. According to BDO's Diana Matchett and Colin Gower's latest report for The Carlin Hotel Ltd (now Ex TCHL), they are working to establish the "security position" of a vehicle, understood to be a baby blue 2014 Bentley Mulsanne, "which may be subject to a finance lease". "The outcome of this review will determine the receivers' ability to realise the motor vehicle and, where appropriate, distribute the proceeds." Mr Carlin, who died suddenly of natural causes in December, 2023, developed The Carlin, a seven-level hotel at a cost of about $30 million. It opened in March 2022. About two months after his death, Pablo Pty Ltd placed the company operating the hotel, Carlin Hotel Property Management (now Ex CHPML) into receivership, along with Queenstown Views Villas (QVVL). It owned six of the hotel's nine units, subject to a management agreement with Ex CHPML. The remaining three units were owned by Pablo, a secured creditor, which also held security over the land, buildings and business for the companies. At the time of the receivership, the companies' combined debt was about $45m, $40m of which was owed to Pablo. Ex CHPML was then placed into liquidation last September. Then, last July, Ex TCHL was also placed in receivership by Pablo — that company held the intellectual property (IP) for the hotel, including registered trademarks and brands. At the time of the receivership, it owed Pablo $12.5m. According to the second receivers' report into that company, the IP assets had been sold to Pablo for $3500, which was offset against Ex TCHL's indebtedness — an outstanding balance of $1.35m, plus accrued interests and costs remaining. Pablo ultimately bought The Carlin, which was subject to a receivership sale, handled by Colliers Queenstown's Mark Simpson and Barry Robertson. Settlement was completed on October 14 — by November, the combined debt had dropped to $29.5m.
