Swiss-Belhotel International is expanding its operations in New Zealand with two hotel developments in Queenstown.
The company is set to launch two new properties in the Kiwi market in late 2020, inclusive of the 194-key Swiss-Belhotel & Residences Queenstown, and the younger, more value-conscious brand, Zest Queenstown by Swiss-Belhotel, boasting 223 Zest rooms and 160 Pods (24m2 sleeping capsules, which sleep eight per unit).
Swiss-Belhotel International already operates 10 Zest-branded properties in Indonesia, and this will be the first Zest to open in New Zealand.
Expansion in Australasia will see the company take investment positions through property ownership, management rights and leases, as well as management contracts. The group is currently working with several international investment funds to grow the capital structure of Swiss-Belhotel International. This will enable the group to take advantage of further investment opportunities in growing markets, such as New Zealand and Australia.
These developments are part of the continuing strategic expansion of Swiss-Belhotel International in New Zealand, supporting the growing tourism numbers in this market.
“We have real confidence in the tourism industry in New Zealand – particularly in Queenstown, which requires new infrastructure to keep up with visitor demand,” chairman and president, Swiss-Belhotel International, Gavin M Faull stated. “We are committed to looking at further opportunities in the local market.”
The hotel management company is also in discussions with developers in Australia and will be making announcements regarding hotel developments within the next six months.
Swiss-Belhotel International currently has 150 hotels and projects in 22 countries around the globe. With five properties in New Zealand expected by the end of 2020, the local market is currently a critical part of the group’s development.
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