Ibis Wellington - SOLD

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Sold for 34,000,000 NZD Date of Sale: March 2016
Rooms: 200
Price Per Room: 170,000 NZD
Property Id : 31342

The ibis Wellington comprises a 200 room, 3 star plus Qualmark rated hotel, located on Featherston Street in the heart of the Wellington CBD. Hotel amenities include a ground floor restaurant and bar, guest laundry, and basement parking for 17 vehicles. Originally constructed as an office tower in 1964, the building was converted to a Hotel in 1999/2000.

The hotel was extensively refurbished in 2007/08 and is presented to a high standard. Despite some seismic upgrading in 1999/2000, at the date of sale the Hotel had a Grade C seismic grading.

At the date of sale, the Hotel was subject to a long term management agreement to Accor with vacant possession not available on sale.

Dean Humphries

National Director - Hotels New Zealand
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