Queenstown's Carlin Hotel in receivership sale

by Kim Bowden - Jun 27, 2024

On instructions from receivers BDO, the Carlin Hotel in Queenstown is on the market.

The property is for sale by tender and prospective buyers will be dealing exclusively with real estate agent Colliers.

Colliers says "the high quality hotel" features nine units, with 16 rooms in total, across seven storeys.

The units themselves are on separate unit titles, and the agent says that means there is the option for them to be purchased as individual units with multiple owners.

They say the property, located on Hallenstein Street, has a "prime elevated location overlooking central Queenstown and Lake Wakatipu".

The two-year-old building and the self-proclaimed 'six-star' hotel that operates from it was developed by deceased businessman Kevin Carlin.

Mr Carlin died suddenly at the premises, where he also lived, in December.

The cause of his death is subject to a coronial investigation.

In March 2023, Mr Carlin also put the property on the market but did not sell it.

He had intended to lease it back from any new owner.

It has since been revealed the luxury hotel business owed $45 million.

Receivers took it over in February, and details of its debts were in receivers' reports released in May.

The deadline for offers from new prospective buyers is Thursday, August 8, although the property could go before this date.

Queenstown brokers Mark Simpson and Barry Robertson are managing the sale for Colliers.

The Carlin Hotel continues to operate and accept guests.

Main image: The Carlin Hotel Hallenstein Street in central Queenstown is subject to a receivership sale.

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