Swiss-Belhotel International is expanding its operations in New Zealand with the signing of two hotel developments in Queenstown.
Come late 2020, the company will simultaneously launch the two Kiwi-based operations: Swiss-Belhotel & Residences Queenstown, and the younger, more value-conscious brand Zest Queenstown by Swiss-Belhotel.
Swiss-Belhotel International already operates 10 Zest properties in Indonesia and this will be the first Zest to open in New Zealand.
The new properties will increase the company’s Australasian offering to eight hotels.
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 so as to take advantage of further investment opportunities in growing markets, such as New Zealand and Australia.
These developments are part of the ongoing strategic expansion of Swiss-Belhotel International in New Zealand, supporting the growing tourism numbers in this market.
Swiss-Belhotel International, which currently has 150 hotels and projects in 22 countries around the globe, expects to launch five properties in New Zealand by end 2020.
“We have real confidence in the tourism industry in New Zealand – particularly in Queenstown, which requires new infrastructure to keep up with visitor demand,” said Gavin Faull, chairman and president of Swiss-Belhotel International.
The hotel management company is also in discussion with developers in Australia and will be making announcements regarding hotel developments within the next six months.