Wellington's largest hotel has been sold
Wellington's largest hotel has been sold
12 November 2021
The Rydges Wellington on Featherston Street has been sold for an understood 100-million dollars.
It's been bought by an investment fund, partly owned by the New Zealand Super Fund and private investors.
The 100-million dollar value is thought to include the cost of refurbishment and seismic strengthening.
Dean Humphries of Colliers who brokered the sale describes negotiations with private investors as complicated.
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