SkyCity Entertainment Group Limited has entered into an agreement with two of its existing United States private placement holders to secure additional financing.
Hawke’s Bay Airport has posted revenue of $6.73m revenue for FY22, up slightly from last year, despite higher operating costs and the continued pressures from Covid on passenger numbers.
PurePods has raised $2.88m – well above its $2m minimum capital raise target – on crowdfunding platform Snowball Effect.
Air New Zealand has set an interest rate of 6.61% per annum for its 5.5-year $100m unsecured, unsubordinated, fixed-rate bond offer.
PurePods has hit its $2m minimum capital raise target through crowdfunding platform The Snowball Effect.
Auckland International Airport Limited is considering a fixed rate bonds offer, with maturity in May 2028, to New Zealand retail investors and institutional investors.
Air New Zealand Limited has launched a $75m bond offer with the ability to accept oversubscriptions of up to an additional $25m.
Stamford Plaza Auckland has been sold for $170m in the largest single hotel deal ever in New Zealand, says agent JLL.
Earlier guidance from August 2022 expected net profit to range between $17m – $30.2m.
The facility will help the operator reduce emissions and improve sustainability across its hotels.
Auckland Airport has completed an issue of $150m of floating rate notes to help refinance and provide liquidity.
The offer comes as the current $50m unsecured, unsubordinated, fixed-rate bonds reach maturity on 28 October 2022.
Ecotourism business and accommodation provider PurePods has reached more than $1m towards its first capital raise through crowdfunding platform Snowball Effect.
Polynesian Spa and Rainbow’s End owner Rangatira Investments has completed its capital raise to eligible existing and new wholesale investors.
The operator is investigating a private placement to help refinance, while boss Malcolm Johns nears the $1m CEO club.
Luxury eco-cabin accommodation provider PurePods is raising $4m to help develop 100 locations across the country over the next five years.
Village Accommodation will use the landmark Auckland asset for its new Habitat Hotels brand.
The government has created a new investor category aimed at increasing direct foreign investment in New Zealand businesses.
Polynesian Spa and Rainbow’s End owner Rangatira Investments has opened its $50m capital raise to eligible existing and new wholesale investors.
Rainbow’s End and Polynesian Spa suffer a tough year with staffing challenges and cost inflation now putting pressure on prices.
After snapping up NZ assets, the company turns to refurbishment and renovation to add value.
Strong investment demand from domestic buyers over the past two years will be boosted by foreign players this year.
There’s no shame in a weak balance sheet after the past couple of years, says Westpac.
Go Bus will lease 18 new electric buses across its Christchurch fleet from Zenobē, a UK-based specialist in EV and battery storage that is about to enter the New Zealand market.
Auckland will have two fully-electric ferries transporting visitors and commuters around the harbour in 2024
SkyCity Entertainment Group has completed its $39.5m equity investment in Gaming Innovation Group, following settlement of GiG’s acquisition of Sportnco Gaming SAS on 1 April 2022.
The accommodation services provider has a 400-plus network of independently owned and operated properties.
The operator says it has undertaken one of the largest private capital raises in NZ tourism, bringing in a group of new investors.
It includes a $1.2bn rights offer, $600m of shares for the govt, and a new unsecured Crown loan of $400m.
The sector needs better infrastructure and increased investment, not misguided criticism, says NZSki’s CEO.
Marlborough District Council has approved a $110m loan to Port Marlborough to finance its share of the Waitohi Picton Ferry Precinct Redevelopment.
Coach tour services provider Bayes Coachlines is to build a passenger bus with solar panels providing up to 10% of its own power and designed to have greater range and less maintenance than other electric buses.
There has been good interest among both domestic and international parties for the group of YHA-managed hostels that closed doors in December, says the agent charged with selling the properties.
Ruapehu Alpine Lifts says it will consider unbundling assets after two Covid-impacted seasons hit income.
SkyCity says it has successfully secured a debt covenant waiver from its banking syndicate and US private placement holders.
Serko has opened its $10m non-underwritten retail offer to eligible shareholders.
Capex is put on hold as operators look to rebuild their balance sheets in 2022.
Pūkaha National Wildlife Centre has secured a $1m loan from Tararua District Council for development.
Drifter Hospitality Group plans to target the premium millennial market with hybrid hotels across Asia Pacific.
Stats NZ says it is moving away from using electronic card transaction data to estimate foreign visitor expenditure.
The US investor swoops on the Kiwi business, which runs tour group and charter services as well as commuter and school routes.
Auckland Council has purchased more than 3000 square metres of land adjoining Long Bay Regional Park for $3.6m, completing its 18-hectare Heritage Protection Area.
The airline says demand may be slower to recover once trans-Tasman travel restarts.
More recovery than regenerative, the plan introduces yet another initiative to reimagine tourism.
NZ can be the world’s “new premier thermal mineral springs wellness destination”.
New hostel portfolio owner Wolf Herwegh Vonk on his $30m deal with YHA.
A draft plan for an $8bn upgrade in Waikato transport infrastructure has been signed-off for public consultation.
Overseas investors betting on a post-Covid travel boom are pumping multi-million dollar investments into tourism.
Ruapehu Alpine Lifts says it is now working with potential investors, who could end up buying half the business.
The iconic lodge will join the US private equity firm’s Australian subsidiary, luxury operator Baillie Lodges.