Brookfield secures OIO consent for $250m hotels deal

30th March 2026 By Staff Reporter | news@propertyticker.co.nz | @propertyticker

Brookfield Asset Management has secured Overseas Investment Office consent to acquire Rydges Wellington and Sofitel Queenstown from New Zealand Hotel Holdings.

The US-based global alternative asset manager said earlier this month that it will spend around $250m to purchase and reposition the two hotels. The purchase price has not been disclosed.

NZ Hotel Holdings, a joint venture between NZ Super Fund, The Russell Property Group and Lockwood Property, put its seven hotels up for sale in May last year – the largest portfolio of its kind to come to market in New Zealand.