Main Photo: The Holiday Inn, Queenstown, New Zealand – imagined
Date: April 2019
Location: Remarkables Park, Queenstown, New Zealand
Name: Holiday Inn Queenstown Remarkables Park – opening 2021
No. of Keys: 182
Seller: Landcorp, a state-owned farmer
Buyer/Developer: The property will be developed by QLong Investments Limited, as their first hotel in NZ to complement their hotels in China and USA.
Qlong Investments, formerly Qianlong Farms, bid in 2017 to buy the 1359-hectare sheep and beef farm Jericho Station, near Manapouri in Southland, from Landcorp.
Set to open its doors in early 2021, Holiday Inn Queenstown Remarkables Park will be a flagship for Holiday Inn in New Zealand, showing off the latest and best of the world’s largest hotel brand family.
The hotel will be located within a few minutes’ drive from Queenstown Airport and close to The Remarkables Ski Field. It will feature an all-day dining and bar venue, as well as large meeting facilities and a gym for guests.
Abhijay Sandilya, IHG’s Senior Director of Development – Australasia, commented: “Holiday Inn is famous for bringing special experiences to guests around the globe.
With a company focus on growing our brands into regional areas, we are thrilled to partner with QLong Investments to bring a stunning new Holiday Inn to New Zealand.
Our existing hotels in Queenstown are performing extremely well, and this new Holiday Inn will complement them perfectly, along with the upcoming Holiday Inn Express which will open in 2020.
”Yigang Wang, Director of QLong Investments, said: “Queenstown is a tourism mecca, attracting more than 3.6 million visitor nights annually with an expanding events calendar that attracts domestic and overseas visitors.
We expect this momentum to continue, and are confident that Holiday Inn Queenstown Remarkables Park will contribute to that success.”Sheng Du, the shareholder and director of QLong Investments, said: “Long owns hotels and apartments in USA and China, excited to be expanding our portfolio into New Zealand, and Queenstown which is such a favourite with tourists from around the world.”
The hotel will make a significant contribution to the growth of Remarkables Park, adding a unique point of difference to the 150-hectare multi-use retail, resort, residential and recreational zone.
Holiday Inn will be located a few hundred metres from the retail and commercial centre of the Park, which is currently home to 65 businesses. There are also plans to add student accommodation, more residential, a retirement village, childcare, hospital, and a jet ferry service connecting Remarkables Quay to Queenstown Bay and parks and trails.
Remarkables Ski Fields is one of New Zealand’s premier ski fields and just a short 30-minute drive away, and Jack’s Point Golf Course is just a short 10-minute drive from the hotel.
IHG has put a focus on regional growth in Australia and New Zealand, with several recent Holiday Inn signings across Australia, including in Wagga Wagga, Melbourne Dandenong, Geelong, Melbourne Ringwood, Melbourne Coburg and Melbourne Werribee, which are all new build properties that will set a benchmark for the brand in the region.
Price: NZ$8. 7 million for the land.
THPT Comment: IHG currently has 47 hotels operating under four brands in Australasia, including: InterContinental, Crowne Plaza, Holiday Inn, voco and Holiday Inn Express, with another 29 in the pipeline, including Hotel Indigo and EVEN Hotels.
First Seen: IHG website
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.