Pandey family

PHOTO:SUPPLIED An illustration of what the run-down Fat Camel backpackers in central Auckland will look like when it is redeveloped into a five-star hotel.

The wealthy hotel-owning Pandey family plans to spend $100 million on major makeovers and upgrades of local hotels in its CPG Hotels group.

The family is one of the largest private owners of hotels in New Zealand. It owns 11 hotels in New Zealand and three in Fiji managed by Accor brands and owns 10 in the United States managed by various international brands.


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Some of the projects here would be much bigger than others, such as two redevelopments in Auckland, underway, transforming two central city backpackers into “affordable” five-star hotels, and the overhaul of the Wains Hotel Dunedin, about halfway through, while others were big refurbishments like at the Picton Yacht Club Hotel, CPG Hotels group operations manager Ronnie Ronalde said.