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: How should Guy Fawkes be celebrated?
While it is a fun occasion, fireworks on Guy Fawkes Night has caused much conflict over the years, upsetting our pets and disrupting the sleep of neighbours.
How should we celebrate Guy Fawkes Night? Vote in our poll and share your thoughts below.
-
27.8% With a city-wide public fireworks display
-
21% Small fireworks displays in each community
-
7.9% Keep it as is
-
31.5% We shouldn't celebrate it!
-
11.3% Anything but fireworks
-
0.4% Other - I'll share below
What's your favourite recipe for gooseberry?
Love gooseberries? Share your favourite way to enjoy them. We're looking for our readers' favourite family recipes for this delicious crop. Send yours to mailbox@nzgardener.co.nz, and if we use it in the magazine, you will receive a free copy of our December 2024 issue.
Winner winner!
Congratulations to the winners of our $100 Mitre10 vouchers:
Justine Terrill from Mount Albert
Suzette Gibson from Nelson
Soumya Manoj from Lower Hutt
Millie George from Richmond Hill
If you're a winner, get in touch here.
Not a winner this week? There's always next week!