Aussies take over iconic Queenstown waterfront hotel...
Thursday, December 23, 2010 at 4:56PM 
An Australian investment group takes over the lease and business of Queenstown’s historic landmark Eichardt’s Private Hotel today.
Melbourne-based Imperium Capital Group has a range of businesses including several in the hospitality area – it owns the Australasian rights to the T.G.I. Friday’s restaurant chain.
Eichardt’s comprises five luxurious hotel suites at the bottom of The Mall and four lakefront cottage suites, also on the Queenstown Bay waterfront.
The former business owner was Highland Resorts, which redeveloped the property after the 1999 floods – local tourism giant Skyline Enterprises has been the freehold owner since 2004.
Christchurch-born Andrew Cox, Imperium Capital Group’s managing director, says the purchase is “a strategic investment in an iconic brand in tourism in New Zealand”.
“We’re open to looking at other acquisition opportunities in the country now we’ve made this first step.”
Cox says management will remain the same.
The sale was brokered jointly by Queenstowner Terry Spice from Luxury Real Estate New Zealand and Rosa Carter-Holt from NAI Harcourts, Christchurch, and was the result of an international marketing campaign.
The family of United States billionaire Julian Robertson, who last year bought Queenstown’s swanky Matakauri Lodge, earlier negotiated to buy Eichardt’s.
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