SkyCity agrees sale of Auckland's Grand Hotel for US$124m

Deals & M&A · SectorWire deskSource published 20 Oct 2026, 23:14 BST

Summary

Reportedly, SkyCity Entertainment Group has entered a sale and purchase agreement to divest The Grand Hotel at SkyCity Auckland for US$124m. The agreement covers the hotel at the company's Auckland precinct.

Why it matters

The disposal reduces SkyCity's hotel footprint in Auckland and provides US$124m in proceeds as the group restructures its asset base.

End-of-day close SkyCity (SKC), NZD, to 23 October 2026

Last close NZD 0.68 on 23 October 2026. NZD 0.67 on the story date (20 October 2026). Range NZD 0.64 to 0.69, axis not from zero. Delayed end-of-day data, not live. Not investment advice.

Cite as: SectorWire, “SkyCity agrees sale of Auckland's Grand Hotel for US$124m”, 20 October 2026, https://sectorwire.news/item/skycity-agrees-sale-of-auckland-s-grand-hotel-for-us-124m/

Key facts

Parties: SkyCity
Shares: SkyCityunchanged 0.0%1DLatest close · change from previous closeNZX: SKC · 23 Oct 2026 · end-of-day, delayed

Related company prices

Latest cached quotes, separate from the figures reported in this article. Quotes may be delayed; each quote shows its observation time.

SkyCity SKC · NZD 0.68 23 Oct 2026 Data

Latest reported results

Reported company data for the latest period held, separate from the figures in this article. Not investment advice.

SkyCity NZX: SKC

Financial year ended 30 June 2026 · data retrieved 17 October 2026

Revenue: NZD 813.7mYahoo Finance (data provider, from company reports)
Operating income: NZD 20.0mYahoo Finance (data provider, from company reports)

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