Tainui buys out partner in Hamilton Riverview Hotel

Wed, 04 Jun 2014

By Suze Metherell June 4 (BusinessDesk) - Tainui Group Holdings, which manages the commercial interests of Waikato-Tainui Te Kauhanganui Inc, has bought international hotel chain Accor's 17 percent stake in Hamilton Riverview Hotel, making it the outright owner of two of Hamilton's central hotels. Accor sold its stake in Hamilton Riverview Hotel, which owns Hamilton's Novotel Tainui Hotel and Ibis Tainui Hotel, to the iwi's corporate unit for an undisclosed amount. Last October, the tribe's investment arm paid the Hamilton City Counc...

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