Super Funds' NZ Hotel Holdings buys Rydges for $100m

The sale of Rydges Hotel caps a big year for hotel transactions. (Image: Supplied)

Fri, 12 Nov 2021

NZ Hotel Holdings Asset LP will pay $100 million for the 280-room Rydges Wellington, the largest hotel in the capital.The tourism investment vehicle of the $60 billion NZ Super Fund, Russell Property Group and Lockwood Property Group adds the Rydges to a hotel portfolio which includes the Four Points by Sheraton and Adina Apartment Hotel in Auckland, the Holiday Inn Rotorua and the Sofitel in Queenstown.The $100m price tag for the downtown Featherston St property makes it the biggest transaction of the year for any hotel sale and includes refur...

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