Precinct Properties sells Auckland Intercontinental for $180m
Singaporean buyer says the purchase of the one-year-old five-star hotel could signal the expansion of its hotel portfolio in New Zealand.
The Intercontinental at One Queen St, Auckland.
Singapore hotelier and investment holding group Hotel Properties Limited has snapped up Precinct Properties’ Intercontinental Hotel for $180 million.
In an announcement to the Singapore stock exchange overnight, HPL confirmed it had purchased the 139-room hotel at One Queen Street from NZX-listed
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