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Herwegh Vonk: Why I bought portfolio of YHA hostels during tourism crisis
30 Mar 2021   /

Herwegh Vonk: Why I bought portfolio of YHA hostels during tourism crisis

New hostel portfolio owner Wolf Herwegh Vonk on his $30m deal with YHA.


$8bn transport investment up for public consultation
24 Feb 2021   /

$8bn transport investment up for public consultation

A draft plan for an $8bn upgrade in Waikato transport infrastructure has been signed-off for public consultation.


Post-Covid travel boom predictions prompt investment spree
12 Feb 2021   /

Post-Covid travel boom predictions prompt investment spree

Overseas investors betting on a post-Covid travel boom are pumping multi-million dollar investments into tourism.


RAL “pleased” with investor interest in $30m stake
3 Feb 2021   /

RAL “pleased” with investor interest in $30m stake

Ruapehu Alpine Lifts says it is now working with potential investors, who could end up buying half the business.


KSL gets green light for Huka Lodge acquisition
29 Jan 2021   /

KSL gets green light for Huka Lodge acquisition

The iconic lodge will join the US private equity firm’s Australian subsidiary, luxury operator Baillie Lodges.


Distressed tourism assets an M&A opportunity for 2021 – report
29 Jan 2021  

Distressed tourism assets an M&A opportunity for 2021 – report

Merger and acquisition activity in 2021 could be driven by distressed tourism and hospitality assets, according to MinterEllisonRuddWatts.


RAL seeks $30m investment partner
27 Jan 2021   /

RAL seeks $30m investment partner

The ski field operator is offering up half its business for a strategic investor to help develop opportunities.


Invercargill $165m makeover begins
11 Dec 2020  

Invercargill $165m makeover begins

The estimated cost of the redevelopment was $165m and is a key project in the Southland Regional Development Strategy Action Plan.


Super Fund jv boosts hotel portfolio with c.$60m deal
4 Dec 2020   /

Super Fund jv boosts hotel portfolio with c.$60m deal

New Zealand’s $42bn sovereign wealth fund has increased its exposure to the country’s tourism sector with the circa $60m acquisition of Queenstown’s five-star Sofitel Queenstown Hotel and Spa.


Reserve Bank warns of “heightened risk” for tourism-related lending
26 Nov 2020  

Reserve Bank warns of “heightened risk” for tourism-related lending

Retail banks are reassessing their appetite to lend to tourism-related sectors, says the central bank.


Pandeys roll out luxury expansion with latest hotel deal
25 Nov 2020   /

Pandeys roll out luxury expansion with latest hotel deal

The hotel owner is bringing its newly-launched, high-end Fable brand to Queenstown.


Sarin commits to five new hotels, despite Covid delays
5 Nov 2020   /

Sarin commits to five new hotels, despite Covid delays

But room rates are the problem this year and Queenstown is a “disaster”, says Raman Sarin.


Another Covid casualty: tourism business sales
29 Oct 2020  

Another Covid casualty: tourism business sales

Interest in tourism businesses remains high but Covid has clouded commitment.


OIO: Camp Glenorchy investment “exceeds promises”
28 Oct 2020   /

OIO: Camp Glenorchy investment “exceeds promises”

The $40m investment that followed a $1m holiday park sale has been highlighted by the agency.


Holiday parks ripe for reinvestment – Tasman Tourism
22 Oct 2020   /

Holiday parks ripe for reinvestment – Tasman Tourism

Underinvestment in the country’s holiday parks has presented investors with an opportunity, says a new market entrant. 


Magic Memories raises $25m, targets June 2022 for full recovery
18 Sep 2020  

Magic Memories raises $25m, targets June 2022 for full recovery

“We’re looking to bring ourselves back over a pretty tricky last 100 days and let the industry know we are winning,” executive director and founder John Wikstrom told the Ticker.


NZSki invests in country’s first 8-seater chairlift
18 Sep 2020   /

NZSki invests in country’s first 8-seater chairlift

Construction on the multi-million dollar Nor’west Express lift at Mt Hutt will begin in October.


Report: Iwi investors eye up tourism despite Covid
10 Sep 2020   /

Report: Iwi investors eye up tourism despite Covid

Tourism remains low as a percentage of total iwi and Māori business investment but interest remains high, according to ANZ analyst David Harrison.


GCH Aviation adds Tasman Helicopters to the fold
16 Jul 2020   /

GCH Aviation adds Tasman Helicopters to the fold

Christchurch-headquartered group continues its tourism expansion drive with the purchase of Nelson’s Tasman Helicopters.


New OIO rules for foreign investors
22 Jun 2020   /

New OIO rules for foreign investors

The Overseas Investment Office has been given stronger enforcement powers as it bring in changes affecting overseas investors.


Augusta confirms hotel developments on hold
3 Jun 2020   /

Augusta confirms hotel developments on hold

The assets were supposed to be the foundation properties in a new tourism fund.


Small operators eligible for interest free cash in Govt loan scheme
4 May 2020  

Small operators eligible for interest free cash in Govt loan scheme

The Government will provide interest free loans for a year to small businesses hit by the Covid-19 economic shock.


Council backs Wellington Airport with equity underwrite
24 Apr 2020  

Council backs Wellington Airport with equity underwrite

Wellington Airport has won the support of shareholders Wellington City Council and Infratil to underwrite proposed future equity funding as it continues in negotiations with its existing lenders.


Government’s $6.25bn business loan scheme goes live
2 Apr 2020   /

Government’s $6.25bn business loan scheme goes live

Businesses struggling to balance the books during the Covid-19 pandemic can now apply for the Government’s $6.25bn loan scheme via their bank.


Augusta takeover canned, tourism fund in limbo
27 Mar 2020  

Augusta takeover canned, tourism fund in limbo

MD Mark Francis says it is too early to know if the investment vehicle will re-launch.


A JUCY deal: Q&A with Tim Alpe
21 Feb 2020   /

A JUCY deal: Q&A with Tim Alpe

Following the signing of a joint venture with EVENT, JUCY’s CEO tells the Ticker what his plans are for the new entity.


Tourism fund ‘delay’ because of property vehicle launch – Francis
18 Feb 2020  

Tourism fund ‘delay’ because of property vehicle launch – Francis

Augusta has postponed its proposed $70m tourism fund because of the difficulties in managing the launch of two funds at the same time.


Augusta pulls launch of $100m tourism fund
17 Feb 2020  

Augusta pulls launch of $100m tourism fund

The investor has postponed the much-awaited vehicle as it deals with a takeover bid.


Coronavirus top of mind for investors as reporting season starts
11 Feb 2020   /

Coronavirus top of mind for investors as reporting season starts

Market watchers are anticipating in-depth reports about how tourism companies are coping with coronavirus and the financial impact they expect.


Augusta’s $100m tourism fund launch overshadowed by takeover bid
30 Jan 2020   /

Augusta’s $100m tourism fund launch overshadowed by takeover bid

A bid for the investor comes as it prepares to launch the $100m fund.


Francis’ Augusta sets investment criteria for new tourism fund
15 Jan 2020  

Francis’ Augusta sets investment criteria for new tourism fund

Augusta is anticipating a busy period ahead as it gears up to launch the Augusta Tourism Fund in the first quarter of 2020.


NZ Super Fund checks in to Rotorua
20 Dec 2019   /

NZ Super Fund checks in to Rotorua

The sovereign wealth fund has increased its exposure to NZ tourism with the purchase of the Holiday Inn.


PCE Report: The “uncomfortable truth” about tourism
19 Dec 2019  

PCE Report: The “uncomfortable truth” about tourism

The tourism industry’s share of NZ’s total carbon emissions has been revealed.


Green light for $473m Christchurch arena investment case
16 Dec 2019   /

Green light for $473m Christchurch arena investment case

Christchurch City Council has approved the investment case for a $473m multi-use arena which mayor Lianne Dalziel said will be a game-changer for Christchurch and will help re-establish the region as New Zealand’s sporting and cultural capital.


Tourism growth lures property investor into Otago market
5 Dec 2019  

Tourism growth lures property investor into Otago market

A consortium led by Christchurch’s Box 112 co-founders has snapped up an Otago tourism venture.


Augusta targets Feb 2020 for $100m tourism fund launch
28 Nov 2019   /

Augusta targets Feb 2020 for $100m tourism fund launch

MD Mark Francis says the new fund will be backed by hotels and possibly other types of tourism infrastructure.


Augusta: Reduced interim earnings expected
25 Oct 2019   /

Augusta: Reduced interim earnings expected

Augusta has announced it is expecting reduced earnings for the six months ended 30 September 2019.


Radisson enters NZ with Augusta’s luxury hotel
27 Sep 2019   /

Radisson enters NZ with Augusta’s luxury hotel

The $70m luxury Radisson Collection at Queenstown is expected to open in early 2022.


Govt turns on the TAP; launches attractions prospectus
4 Sep 2019   /

Govt turns on the TAP; launches attractions prospectus

After more than a year’s work, the Tourism Attractions Programme prospectus is unveiled.


Colliers: NZ Super Fund hotel investment makes history
18 Jul 2019  

Colliers: NZ Super Fund hotel investment makes history

New Zealand Super Fund’s investment into a $300m hotel portfolio is said to be the single largest off-market hotel transaction in NZ’s history, according to hotel adviser Colliers International.


Super Fund checks in to NZ’s $39bn tourism sector
16 Jul 2019   /

Super Fund checks in to NZ’s $39bn tourism sector

The $42bn sovereign wealth fund has taken a slice of a $300m three-strong hotel portfolio.


Accor’s McGrath: NZ hotel investment, employment under threat
24 Jun 2019   /

Accor’s McGrath: NZ hotel investment, employment under threat

Foreign and domestic investment into New Zealand’s hotel sector is at risk, says Accor Pacific COO Simon McGrath.


PE firm takes majority stake in NZ Fine Touring
31 May 2019  

PE firm takes majority stake in NZ Fine Touring

The multi-million dollar deal brings a new investor to the sector and will help drive the operator’s expansion.


Francis’ Augusta sets c.$100m tourism fund launch for Q3 FY20
27 May 2019  

Francis’ Augusta sets c.$100m tourism fund launch for Q3 FY20

Augusta Capital says it is aiming to launch its proposed tourism fund in Q3 FY20 once an operator is secured and a construction contract in place at its Man Street hotel development at Queenstown.


Investor View: Genesis Private Equity’s Nathan Mills
7 May 2019  

Investor View: Genesis Private Equity’s Nathan Mills

Following a successful exit from Bachcare, GPE’s Nathan Mills tells us why he’s keen on tourism and what he looks for in an operator.


Tourism projects picked for investment push
1 May 2019  

Tourism projects picked for investment push

Nineteen exisiting and proposed attractions and experiences have been earmarked for investment.


Who are the 19 operators? Here’s the full list
1 May 2019  

Who are the 19 operators? Here’s the full list

Nineteen Auckland attractions, accommodation providers, tour operators and event production projects have been selected for the city’s first tourism-specific investment push.


New tourism private equity fund targets 15-20% returns
22 Mar 2019  

New tourism private equity fund targets 15-20% returns

A new private equity fund seeking capital for launch and tourism businesses to invest in is targeting 15-20% returns for its investors.


Tourism startup fund preps for launch
22 Feb 2019  

Tourism startup fund preps for launch

A Queenstown-based seed capital fund targetting tourism ventures around the country plans to launch in July.


Report: Iwi investment in tourism on the rise
11 Feb 2019   /

Report: Iwi investment in tourism on the rise

Iwi investment in tourism is on the increase as Māori look to deploy capital and diversify their income streams.