CQ Hotels Wellington - SOLD

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Sold for 40,880,000 NZD Date of Sale: November 2018
Rooms: 177
Price Per Room: 230,960 NZD
Property Id : 31339

These inter-related hotels comprise the 115 room 3 star plus rated Comfort Hotel contained within a renovated historic building, together with the 4 star plus rated Quality Hotel, a modern tower block constructed in 2008 providing 62 self-contained units.

Additional facilities include a restaurant & bar, café, multiple conference facilities, gym, spa, swimming pool, 38 secure carparks and six ground floor retail tenancies.

The hotel is located in the heart of Wellingtons cultural precinct, Cuba Quarter within walking distance to a number of Wellington’s landmarks and tourist attractions.

At the date of sale, the hotels were operated under a franchise agreement to Choice Hotels however were purchased on a vacant possession basis by Singaporean company Naumi Hotels who plan to undertake a refurbishment and the rebrand as the Naumi Wellington.

Dean Humphries

National Director - Hotels New Zealand
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