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Failed Serepisos hotel company owes Aussie lender $45m

Former ‘The Apprentice New Zealand’ boss’s Century City Hotel property went into receivership in March.

Terry Serepisos’s Century City Hotel property owes its lenders $45 million, according to the first receivers report.

Titanium Trustee Management Ltd, which was solely owned by the former high-flying Wellington developer, was placed into receivership by Sydney-based financier Alceon Finance Pty in

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Nicholas Pointon Fri, 12 May 2023
Contact the Writer: nicholas@nbr.co.nz
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Failed Serepisos hotel company owes Aussie lender $45m
Property,
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