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Naumi Hotels expands portfolio with acquisition of two hotels in Wellington

CEO Gaurang Jhunjhnuwala says purchase is in line with strategy to garner a strong foothold in New Zealand market

Nisha Ramchandani
Published Fri, Nov 9, 2018 · 09:50 PM
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Singapore

SINGAPORE-BASED hospitality group Naumi Hotels is expanding its footprint in the region with the acquisition of two hotels in Wellington, New Zealand.

The Comfort Hotel Wellington and Quality Hotel Wellington, which are both located in the city centre, will boost the hotel owner-operator's portfolio by 177 rooms, up from the current 266 rooms.

The properties were reportedly sold by Rex Nicholls, husband of former Wellington mayor Kerry Prendergast, and Sage Securities.

While the actual price of the hotels was not disclosed, BT understands that broker Colliers International was marketing the properties last yea…

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