NZ Super Fund, Russell, Lockwood want to sell $600m+ hotel portfolio

The Sofitel Hotel in Queenstown is part of the package.
The New Zealand Superannuation Fund, Russell Property Group and Lockwood Property Group plan to sell their seven-property, $600 million-plus national hotel portfolio after the record-breaking $180m InterContinental Auckland sale.Marcus Reinders, chief executive of NZ Hotel Holdings, which owns the seven properties, cited Precinct Properties’ planned sale of the hotel in One Queen to Singaporeans.Reinders today also referred to tourism growing and rising international interest as other prompts.The Adina Apartment Hotel Auckland is one of s...
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