Administrator appointed at ‘hotel within hotel’

Administrator appointed at ‘hotel within hotel’
The Sofitel Viaduct Harbour hotel on Auckland's waterfront. (Image: Supplied)
Maria Slade
A judge has appointed an administrator to the five-star Sofitel Auckland Viaduct Harbour hotel’s body corporate amid concerns about improper use of maintenance funds and essential repair work not being carried out.The decision is the latest chapter in a long-running battle between the hotel’s wealthy majority owners, the Pandey family, and minority investors in the property.Since 2021, a hotel within a hotel has operated at the luxury waterfront site, with the Pandeys running the five-star Sofitel brand and the minority un...

More Property

Fletcher Building MD: ‘It hurts to make these cuts’
Property

Fletcher Building MD: ‘It hurts to make these cuts’

An emotional Andrew Reding says staff understand why the firm has to cut back.

Fletcher Building puts ‘noise’ in the past
Property

Fletcher Building puts ‘noise’ in the past

New directors say shareholders are right to expect more, and they intend to deliver.

Property for Industry says valuation cycle turning
Infrastructure

Property for Industry says valuation cycle turning

It cites strong occupancy, lease terms behind and sees strong 2026.

Staff reporters 21 Oct 2025
Promoter ducked inquiries about inappropriate AdWords use
Property

Promoter ducked inquiries about inappropriate AdWords use

Finbase created 'false impression' its financial products were low-risk, FMA says.

Maria Slade 16 Oct 2025