New four-star hotel for Christchurch
A new $12.5 million hotel in central Christchurch will add 44 apartments to the city's post-earthquake accommodation mix.
The four-star hotel will be named Ramada Suites Christchurch.
Ramada is one of the main brands of the Wyndham Worldwide hotel group that is listed on the New York Stock Exchange.
Wyndham has signed a franchise agreement for the hotel.
The 44 apartments are being offered to investors and will be individually owned under a strata title arrangement.
Construction at 264-266 Tuam St could be completed by the end of the year to offer a mixture of studios and one and two-bedroom apartments.
Developer Robert Neil said the opening of the boutique hotel would be a confidence booster for the city's accommodation sector.
He said he was partnering Wyndham and the Ramada brand.
Ramada Suites Christchurch will join two other Ramada hotels in New Zealand - in Paihia, Bay of Islands, and Orewa in Auckland.
There are also plans for a Ramada hotel in Queenstown.
Ramada has nearly 830 hotels in 45 countries.
- The Press