hotel sale prices


PHOTO: SUPPLIED The secret sale price for the Waldorf Stadium Hotel in Auckland, sold in November 2018, was $57.25 million.

The secret sale prices of Wellington’s CQ Hotels and Auckland’s Waldorf Stadium Hotel have been revealed in a real estate report as $40.88 million and $57.25m respectively.

The prices were shown in The Colliers International report, The Capital Markets Australia and New Zealand Investment Review: Hotels.

Wellington’s CQ Hotels comprised the three-star Comfort Hotel and the four-star Quality Hotel on Cuba Street and the sale was announced in February 2018.

CQ Hotels’ properties were sold by Rex Nicholls, husband of former mayor Kerry Prendergast, and Sage Securities owned by Phil McGaveston and four other shareholders.