>Tourism Asset Holdings sells six Kiwi hotels for $115m

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AUSTRALIA’S largest hotel owner, Tourism Asset Holdings, has offloaded six New Zealand hotels in a deal worth $115 million.

The group announced yesterday that the New York Stock Exchange-listed company Host Hotels and Resorts had purchased TAHL’s assets, including the Novotel and Ibis in the Auckland suburb of Ellerslie, the Novotel and Ibis in Wellington, the Ibis in Christchurch and the Novotel in Queenstown.

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