Hoteliers look to 'adaptive reuse' of unused office blocks

John Bristowe says Nesuto is also looking at build-to-rent options. (Image: Nesuto)

Wed, 11 Oct 2023

The migration to 'work from home' and rollout of a host of prime-grade office developments has provided fertile ground to convert B-grade and underutilised offices into hotels and short-term accommodation, hotel operators say.Marcus Reinders, chief executive of NZ Hotel Holdings, said 'adaptive reuse' was becoming a key theme given the “wonderful array” of buildings on offer in New Zealand's bigger cities and resort towns in an environment of high construction costs.The superannuation fund-owned group owns a port...

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