Acquisitions

The NZ hotel operator is in a joint venture to acquire a 5-star Sofitel for around $190m.

Tourism Holdings Limited and Apollo Tourism & Leisure have agreed to extend the final date for a proposed merger deal to 15 October.

The Commerce Commission has given the green light for Kinetic NZ Holdings to acquire NZ Bus.

Bus and Coach Association acting chief executive Max Dickens said the merger could reduce competition in the bus industry if it proceeded.

The accommodation services provider has a 400-plus network of independently owned and operated properties.

The Commerce Commission has cleared Australia’s Camplify to acquire Tourism Holdings Limited’s peer-to-peer motorhome and campervan rental platforms, Mighway and SHAREaCAMPER.

A former professional rugby player is acquiring Forgotten World Adventures, agreeing to buy it before even visiting.

Queenstown’s RealNZ sells out of the business it has been 50% owner since 2007.

Russell Group and Lockwood Property have sold the hotel into their jv with NZ Super Fund.

Intrepid acquires Haka Tourism’s tour assets in a sign of confidence in travel to NZ.

The Highlands and Hampton Downs owner appears to have sealed the deal for Bruce McLaren Motorsport Park Taupo by adding another $1.7m to his bid.

The US investor swoops on the Kiwi business, which runs tour group and charter services as well as commuter and school routes.

The deal gives Active access to a booming US domestic market as well as expanding its offering to 100+ different trips.

Go Bus has acquired Invercargill-based McDermott Coachlines.

The decision to sell the Bay of Islands operator was a difficult one to make, says Entrada’s CEO.

The collapse in international tourism was the catalyst for talks, says Explore GM William Goodfellow.

Australian-based retailer Mediland Pharm has entered New Zealand’s tourism sector with the $2.69m purchase of Hamilton’s Heartland Ambassador Hotel.

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.

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

The acquisition of three holiday parks by overseas investors could start a trend, say industry experts.

Abu Dhabi private equity snaps up assets in New Zealand tourism’s hottest sub-sector.

Tranzit Group subsidiary Cross Country Rentals has acquired the assets of Christchurch-based Maugers Rentals which went into liquidation in March.

The acquisition sees NTT take full ownership of the property.

Work has begun on new products, says the new owner of the Queenstown-based operator.

Action Helicopters’ Heli Glenorchy will take control of the Queenstown-based operation from today.

Cardrona is on track to add a second skifield to its stable having made a long-expected offer to buy Treble Cone.

Australian stock exchange listed travel giant Helloworld Travel has added another string to New Zealand business with the purchase of sports travel specialist The Williment Travel Group.

Singapore-based Naumi Hotels has purchased The Dairy Private Hotel in Queenstown in its first foray into the South Island.

OGO’s Andrew and David Akers have bought rival ball rolling tourism business Zorb – a company the brothers originally launched 25 years ago.

More staff and aircraft planned as the Auckland-based business expands its skydiving and scenic flight interests.

The Christchurch-based operator will now control one of only two helicopter concessions to fly over the whale sanctuary.

The operator blames the prospective buyer for a last-minute “bolt out of the blue” to chip the sale price.

The family’s CPG Hotels says it wants to transform the 3.5-star Auckland asset into a 5-star offering by mid-2020.

The operator says it wants to “make the province sing” with its purchase of two iconic lodges.

A joint venture between three Taranaki iwi has bought the Novotel New Plymouth Hobson Hotel for $23m.

Eyal Aharoni’s Primeproperty Group has added a fifth hotel to its portfolio with the purchase of Wellington’s landmark Amora Hotel.

Tourism Holdings’ CEO says he wants to ensure KiwiEx and Black Water Rafting are sold to the “right people”.

The operator has been bounced into revealing sale talks are underway after fearing a breach of confidentiality.

Private-equity backed Bachcare has expanded its holiday home management services into Te Anau with the recent purchase of Te Anau Holiday Homes.

Auckland-based InterCity has bought another Queensland scenic tour operator.

Travel Time South Pacific has bought Waikato-based specialist agricultural tour operator, AgriTravel International.

Helicopter operator South Pacific Aviation has expanded into fixed-wing scenic tours with the acquisition of Wings Over Whales Kaikōura.

Aviation tourism operator INFLITE has entered the New Zealand skydive sector with a multi-million dollar purchase of Skydive Franz Josef Glacier.