Global Infrastructure SherpaCapstone and Marsden Merge to Form New Zealand's Largest Locally Owned Hotel Management Company
Capstone Hotel Management and Marsden Group have completed their merger, creating New Zealand's largest locally owned hotel management platform with over 40 properties nationwide. The merger combines Capstone's third-party hotel management platform with Marsden Group's capital and hospitality investment portfolio. The combined entity, operating under the enlarged Marsden Group structure, plans to accelerate growth through targeted acquisitions, expanded management agreements, and new development partnerships. Sajad Bassam has been appointed chief executive officer of the combined group, with Capstone Founder Clare Davies serving as chief operating officer.
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- Capstone Hotel Management and Marsden Group merged.
- Combined entity will manage over 40 properties nationwide.
- Sajad Bassam appointed CEO.
- Clare Davies appointed COO.
- Deal announced March 24, 2026.
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