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

Vital pays the price of shedding Toronto flu
Opinion Stock & Trade

Stock & Trade: Vital pays the price of shedding Toronto flu

Costly clean-up comes with some fishhooks but largely positive for unitholders.

Stock & Trade 14 Nov 2025
Heartland reaps benefit of change, reiterates guidance
Finance

Heartland reaps benefit of change, reiterates guidance

Bank looks to sustainable, profitable growth.

Andy Macdonald 13 Nov 2025
Love & Co hopes Hollywood halo shines on $100m development
Property

Love & Co hopes Hollywood halo shines on $100m development

Bob Harvey and John Dalzell reunite to shape Henderson’s revival with developer John Love.

Garth Bray 13 Nov 2025
Asbestos scare sees RBNZ's Wellington staff home-bound
Finance

Asbestos scare sees RBNZ's Wellington staff home-bound

Earthquake exacerbates existing asbestos concerns at Reserve Bank office. 

Andy Macdonald 12 Nov 2025