| Decision | Consent granted Section 13(c) of the Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 19 March 2026 |
| Pathway | Significant business assets – Primary consent |
| Investment | Acquisition of hotel operating businesses known as Rydges Wellington and Sofitel Queenstown, including all assets associated with the businesses and interests in non-sensitive land in Wellington and Queenstown. |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicants | NZ Hotel Operations Wellington Limited NZ Hotel Operations Queenstown Limited North America 61% Asia 7% Middle East 5% Various 27% |
| Vendors | NZ Hotel Central Lakes Asset LP NZ Hotel Central Lakes Management LP NZ Hotel Wellington Asset LP NZ Hotel Wellington Management LP New Zealand 100% |
| Background | The Applicants were established for the purpose of the investment, and are ultimately owned and controlled by funds managed and advised by Brookfield Corporation, a global investment firm and asset manager. The Applicants are acquiring the hotel operating businesses known as Rydges Wellington and Sofitel Queenstown, along with all associated business assets. The Applicants will continue to operate the hotels from their existing locations in Wellington and Queenstown. Consent was granted as the national interest test was met. |
| More information | Holly Manning Webb Henderson PO Box 25716 Auckland 1740 |