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Why EVT’s NZ$87.5M QT Auckland Buy Signals Bold Hotel Strategy
8:47am on Wednesday 24th of December, 2025 AEDT
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Hospitality
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Why EVT’s NZ$87.5M QT Auckland Buy Signals Bold Hotel Strategy
8:47am on Wednesday 24th of December, 2025 AEDT
Key Points
Acquisition of QT Auckland for NZ$87.5 million (~A$76 million)
QT Auckland is a flagship 150-room lifestyle hotel with award-winning amenities
Sale of non-core Rydges Geelong for $24.5 million to recycle capital
Expansion of QT brand across major cities and Southeast Asia continues
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