SkyCity agrees conditional NZ$221m sale of Auckland's Grand Hotel
By SectorWire desk ·
Summary
SkyCity SKC · NZD 0.68 2026-10-16 Data has agreed to sell Auckland's Grand Hotel and its business assets to Eden Global Capital and Auckland City Collective for NZ$221m. Completion depends on conditions including Overseas Investment Office approval, and the parties aim to settle in mid-December 2026. SkyCity would continue operating the hotel for the buyer until 30 June 2027 as part of its debt-reduction programme.
Why it matters
The conditional hotel sale would provide debt-reduction proceeds while SkyCity temporarily continues operating the property.