Wednesday, October 2, 2024 TFE Hotels accelerates global expansion by acquiring five luxury hotels in New Zealand, strengthening its portfolio and boosting the region’s tourism and hospitality growth. Australia-based TFE Hotels has expanded its international presence by signing an agreement to manage five hotels in New Zealand, further strengthening its global portfolio. In partnership with New Zealand hotel owner Heritage Hotels, TFE will take over management of five properties, adding over 500 rooms to its managed portfolio.
These hotels will be rebranded under TFE’s brand, aiming to enhance visibility and attract more guests to the hospitality assets. The agreement includes two Auckland hotels, Adina CityLife and Rendezvous Heritage Auckland. In Wellington, the CityLife property will offer long-stay, apartment-style accommodations, while another Rendezvous Heritage hotel in Christchurch adds to the portfolio.
Additionally, Queenstown’s Rendezvous Heritage hotel features 175 rooms and meeting/event facilities, further expanding TFE’s presence in key tourist destinations. Jeffrey Tang, Managing Director of Heritage Hotels, highlighted the reasoning behind the partnership: “TFE Hotels is an owner, manager, and developer with an impressive presence in multiple markets. With over 50 properties in Australia, a strong development pipeline, and ties to Singapore and Europe, their vision aligns with ours.
” Heritage Hotels operates ten properties in New Zealand and will .