Long recognised as Wellington’s finest hotel offering, InterContinental Wellington is the new Zealand capital’s only five-star international hotel. Overlooking the waterfront in the heart of the Central Business District, within walking distance of most city amenities, the Hotel is the destination of choice for executive and premium travellers and a meeting place for the city’s civic, corporate and creative leaders.
The iconic Hotel offers 232 guest rooms and suites, three food and beverage outlets, substantial conference and meeting facilities, a business centre and a comprehensive health and fitness centre featuring an indoor heated swimming pool, spa, sauna and gymnasium.
As a result, the Hotel attracts a well balanced mix of guests and has achieved consistently strong occupancy and average daily rates, leading to equally strong profit levels.
With limited new accommodation supply expected to enter the Wellington hotel market over the medium term, coupled with Wellington’s positive market fundamentals including the impending Rugby World Cup, the Hotel offers a number of trading and profit growth opportunities.
Offered for sale with the benefit of a long term management agreement with internationally acclaimed hotel operator InterContinental Hotels group (IHG), InterContinental Wellington represents an exceptional opportunity to acquire the freehold interest in an established five star CBD hotel in New Zealand’s capital city.