Swiss-Belhotel International has completed the acquisition of Swiss-Belresort Coronet Peak in Queenstown, New Zealand, marking its first real estate investment in the country and underscoring its commitment to the local tourism industry.
Target Information
Swiss-Belresort Coronet Peak, located in Queenstown, New Zealand, has been recently purchased by Swiss-Belhotel International. This property features 78 rooms and suites along with unique amenities such as the only seven-lane bowling alley in Queenstown, two restaurants, two bars, and various recreational areas, making it a popular destination for both tourists and local families. Its strategic location near the renowned Coronet Peak ski fields and Shotover Jet operation adds to its appeal.
As part of the acquisition, Swiss-Belhotel International plans to extensively refurbish the hotel over the next 18 months, investing over NZD 1.5 million. This will not only modernize the accommodation but also enhance dining and recreational facilities to better serve both international visitors and the local community.
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Industry Overview in New Zealand
New Zealand's tourism industry has seen considerable growth over the past decade, becoming one of the major contributors to the nation’s economy. With its stunning landscapes and adventure tourism offerings, the country attra
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Swiss-Belhotel International
invested in
Swiss-Belresort Coronet Peak
in
in a Buyout deal
Disclosed details
Transaction Size: $1M