Receivers' reports expose $46m of debt behind Queenstown's luxury Carlin Hotel

Receivers' reports expose $46m of debt behind Queenstown's luxury Carlin Hotel
The Carlin is at 43 Hallenstein St, Queenstown. (Image: BusinessDesk)
Gregor Thompson
Receiver reports have brought to light a collective debt burden of over $46 million on the books of the entities behind Queenstown’s prestigious Carlin Hotel.The reports, by BDO’s Diana Matchett and Colin Gower and released on May 3, also reveal ongoing intentions to sell the hotel which, for now, remains operational.  Matchett and Gower were appointed receivers by the principal debtor of Carlin Hotel Property Management and Queenstown Views Villas, Pablo (Aust) Pty Limited on Feb 26.Queenstown Views Villas, which owns and oper...

More Tourism

International visitor numbers stuck at 85% of pre-covid levels
News in Brief

International visitor numbers stuck at 85% of pre-covid levels

Overseas visitor arrivals were 240,200 in October, an increase of 14,200 from October last year but 15% down on pre-pandemic levels.Stats New Zealand figures show the annual arrival total to October was just over 3.2 million, down around 17% on the bumper 2019 year and just ahead...

Staff reporters 13 Dec 2024
Wellington's blue sky boondoggle
Infrastructure

Pattrick Smellie: Wellington's blue sky boondoggle

Is the capital's airport serious, or is Infratil just trying to pump value?

Pattrick Smellie 22 Nov 2024
Turin is a chocolate lover’s Italian dream
Tourism

Turin is a chocolate lover’s Italian dream

City’s gourmet specialties include an upscale version of Nutella.

Short-changing water investment affects 90,000 NZers
Policy Turning the Tap

Short-changing water investment affects 90,000 NZers

Boil notices for drinking water persist for years in some parts of the country.

Zack Newman 22 Oct 2024