Luxury Queenstown hotel building for sale, offers over $35m considered
From reporter Debbie Jamieson:L
A new five-star-plus Queenstown hotel building is for sale and the vendor will consider offers over $35 million.
Kevin Carlin built the seven-storey 14-suite Carlin Boutique Hotel and Oro restaurant near central Queenstown during the Covid-19 pandemic.
It opened in early 2022 and has since received several international awards including three Boutique Hotel Awards, such as the World's Best New Hotel in 2022.
Carlin operates the hotel and intends doing so for the next 30 years, but now wished to free up the capital involved in the building for other projects.
It was standard practice for hotels and other businesses to rent the buildings they operate from, he said.
”I was the rare person that’s a property developer and owned the building.
”I always intended to sell the real estate to get the cash back for another development,” he said.
He intended leasing the building back for 30 years and operating the hotel himself “if someone pays the price”.
“I’m not going anywhere. This is my retirement project.”
He declined to give details of other developments he sought capital for, though he is developing a five-star Radisson Hotel in Queenstown with Australia-based partner Centuria.
Despite a major staff shortage in Queenstown the Carlin Boutique Hotel was almost fully staffed with 38 employees on board.
Bookings were good going ahead, but he was looking forward to the return of European and wealthy Chinese travellers, he said.
Chinese visitors were struggling with visa issues in their own country while a lack of flights connecting Europe and New Zealand was deterring those visitors.
“I was there recently, and it took me four flights to get home to Queenstown,” he said.
Visitors to the hotel can book a room from $2219.50 a night, according to the website.
Each of the interconnected suites has views over central Queenstown and Lake Wakatipu, its own outdoor fire and spa pool, and a kitchen where private chefs can whip up a meal.
“We don’t expect our guests are ever going to buy eggs and cook,” Carlin told Stuff on a tour when it first opened.
The property is listed with Bayleys Real Estate and expressions of interest are sought.
Poll: As a customer, what do you think about automation?
The Press investigates the growing reliance on your unpaid labour.
Automation (or the “unpaid shift”) is often described as efficient ... but it tends to benefit employers more than consumers.
We want to know: What do you think about automation?
Are you for, or against?
-
9.2% For. Self-service is less frustrating and convenient.
-
43.7% I want to be able to choose.
-
47.1% Against. I want to deal with people.
Goldco Antique Buyers in Southland Region
WANTED WANTED WANTED:
Gold • Coins • Watches • Banknotes • Antique • Jewellery • Collectables
The market for many antiques, collectables, vintage watches, artefacts, gold and silver items has been buoyant these past few years. So if you are considering selling any of these or similar items then our specialist buyers would like to make an offer.
Any items will be considered so please don’t be shy and visit one of our venues.
Large or valuable collections? Single items? Downsizing, moving or decluttering? Family not interested? or simply turning unwanted items into cash.
*Immediate payment made *No commission or waiting *Free no obligation appraisal *Onsite security *Please have your bank details handy
Whether you have a large and valuable collection or a single item of broken jewellery please take this opportunity to see us at a venue near you.
See us at a venue near you - See venues here:
Goldco Antique Buyers | Member NZNDA | website email: goldco@xtra.co.nz | Ph: 0800 105 228
Time to Tickle Your Thinker 🧠
If a zookeeper had 100 pairs of animals in her zoo, and two pairs of babies are born for each one of the original animals, then (sadly) 23 animals don’t survive, how many animals do you have left in total?
Do you think you know the answer? Simply 'Like' this post and we'll post the answer in the comments below at 2pm on the day!
Want to stop seeing these in your newsfeed? No worries! Simply head here and click once on the Following button.
Loading…
