Swiss-Belhotel & Residences Queenstown & Zest Queenstown by Swiss-Belhotel
Swiss-belhotel International Set For Greater Australasia Expansion
Scheduled for Late 2020 – 437 Rooms
The company will launch two new operations in the Kiwi market in late 2020, with the launch of Swiss-Belhotel & Residences Queenstown, and the younger, more value-conscious brand Zest Queenstown by Swiss-Belhotel both opening at the same time.
Swiss-Belhotel International already operates ten Zest properties in Indonesia and this will be the first Zest to open in New Zealand.
Expansion in Australasia will see the company take investment positions through property ownership, management rights and leases, as well as management contracts. The group is currently working with several international investment funds to grow the capital structure of Swiss-Belhotel International. This will enable the group to take advantage of further investment opportunities in growing markets, such as New Zealand and Australia.
These developments are part of the continuing strategic expansion of Swiss-Belhotel International in New Zealand, supporting the growing tourism numbers in this market.