Global Infrastructure SherpaBrookfield acquires two hotels in New Zealand for $147M
Brookfield Asset Management acquired the Rydges Wellington and Sofitel Queenstown hotels in New Zealand from NZ Hotel Holdings for approximately NZ$250 million ($147 million). This acquisition strengthens Brookfield's hospitality platform in Asia Pacific, following previous hotel purchases in Brisbane and Tokyo. Brookfield plans to invest further capital to enhance the performance of these assets, which are located in prime markets with strong long-term demand fundamentals.
Counterparts (2)
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- NZ$250M ($147M) acquisition price.
- Brookfield's $1 trillion+ assets under management.
- Two hotels acquired: Rydges Wellington and Sofitel Queenstown.
- Follows recent hotel purchases in Brisbane and Tokyo.
Source Intelligence
Rydges Wellington boasts 280 contemporary rooms and suites... The Sofitel Queenstown... offers 84 luxury rooms and suites. The acquisition strengthens Brookfield’s hospitality platform in Asia Pacific, following its 2024 purchase of Hotel X in Brisbane and the acquisition of the Gajoen mixed-use complex in Tokyo including the luxury Hotel Gajoen, which is currently under redevelopment.
"Brookfield Asset Management has acquired two hotels in New Zealand"
"from NZ Hotel Holdings"
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