Hotel valuations 'in uncharted territory'
"I think the tourism boom has caught people by surprise."
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Hawke’s Bay
More hotels have been sold to foreigners and several have come on to the market on the back of buoyant trading.
In 2013 there were few hotel sales. Over the past 12 months there have been 11 major hotel sales worth nearly $350 million.
“We’re in uncharted territory as far as valuations go. I
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Chris Hutching
Thu, 10 Mar 2016
Thu, 10 Mar 2016
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Hotel valuations 'in uncharted territory'
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