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Augusta is anticipating a busy period ahead as it gears up to launch the Augusta Tourism Fund in the first quarter of 2020.
The sovereign wealth fund has increased its exposure to NZ tourism with the purchase of the Holiday Inn.
A consortium led by Christchurch’s Box 112 co-founders has snapped up an Otago tourism venture.
MD Mark Francis says the new fund will be backed by hotels and possibly other types of tourism infrastructure.
Augusta has announced it is expecting reduced earnings for the six months ended 30 September 2019.
After more than a year’s work, the Tourism Attractions Programme prospectus is unveiled.
Chris Jolly Outdoors’ CEO on the jv with Ngāti Tūwharetoa and the opportunities ahead for the new business.
The $42bn sovereign wealth fund has taken a slice of a $300m three-strong hotel portfolio.
Foreign and domestic investment into New Zealand’s hotel sector is at risk, says Accor Pacific COO Simon McGrath.
The multi-million dollar deal brings a new investor to the sector and will help drive the operator’s expansion.
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.
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.
Nineteen exisiting and proposed attractions and experiences have been earmarked for investment.
Nineteen Auckland attractions, accommodation providers, tour operators and event production projects have been selected for the city’s first tourism-specific investment push.
Leslie Preston’s Bachcare has secured investment from a UK holiday rental firm which not only paves the way for continued NZ expansion but also puts international growth in its sights.
A new private equity fund seeking capital for launch and tourism businesses to invest in is targeting 15-20% returns for its investors.
A Queenstown-based seed capital fund targetting tourism ventures around the country plans to launch in July.
Iwi investment in tourism is on the increase as Māori look to deploy capital and diversify their income streams.
Augusta Capital has given investors an update on its propopsed tourism fund, which now has two assets valued collectively at $30.5m ‘warehoused’ in the vehicle.
The deal marks the first tourism investment for iwi investors Tauhara North No 2 Trust.
The proposed five-star Queenstown hotel will be transfered to the investor’s planned tourism fund.
The agency is hunting for new ideas and investors to help develop tourism product across Auckland.
The operator is building five new thermal pools and a 13.5m high aquatic ride.
New high-speed chairlifts and trails, a chondola and summer operations are part of a $35m upgrade programme at The Remarkables and Coronet Peak ski fields, announced by owner NZSki today.
The private equity cash will fund the Queenstown hotel’s expansion into a “uniquely NZ” boutique, high-end chain.
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NZ Trade & Enterprise and TNZ are developing the Tourism Attractions Project.