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22 Nov 2024 8:37
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  •   Home > News > Business

    Nearly a dozen youth hostels are gaining the interest of international buyers

    Nearly a dozen youth hostels are gaining the interest of international buyers


    The buildings are being sold - after closing late last year because of Covid financial woes.

    Locations include Auckland, Rotorua, Tekapo, Mount Cook, Wanaka, Franz Josef and Te Anau.

    Colliers Investment Director Hamish Doig says there's already been international interest - as well as from Kiwi operators.

    He says overseas buyers see it as a great opportunity to enter our market.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Business:
    One mayor says the government's decision to lift the debt cap for fast-growing councils will make a material difference 8:37

    Business:
    The Tall Blacks are lamenting an opportunity lost in a 93-89 defeat to the Philippines in Manila as part of their Asia Cup basketball qualifying campaign 8:37

    International:
    Donald Trump's choice for US attorney-general, Matt Gaetz, withdraws from consideration 8:17

    Accident and Emergency:
    One person has died, following a two-vehicle crash between Sanson and Foxton 8:17

    Entertainment:
    Chris Martin video called Ralph Macchio to help create a music video for 'The Karate Kid' 8:09

    National:
    Knowing superstitions aren’t real doesn’t stop us behaving superstitiously – why? 8:07

    Athletics:
    Double Olympic champion Alistair Brownlee has retired from triathlon 8:07

    Health & Safety:
    A shift in how New Zealand approaches puberty blockers 7:57

    Entertainment:
    Cher was told she was trapped in "involuntary servitude" to Sonny Bono amid their divorce 7:39

    Golf:
    Nick Voke's the best placed of the New Zealand contingent through the opening round of golf's Australian PGA Championship at Royal Queensland 7:37


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