Goldridge sells, upgrade looms


A Queenstown hotel under both a new owner and management company is being upgraded to four stars.

Goldridge Resort, above Frankton Road, has been bought by an undisclosed Auckland-based Kiwi developer who’s leased it to respected hotel company Sarin Investments.

Veteran hotelier Penny Clark, who’s run the 75-room, three-and-a-half star hotel for the past seven years, will carry on as general manager.

A press release says Goldridge Resort will immediately undergo a major refurbishment of all units, public areas and conference facilities.

“The rooms will be totally remodelled with a modern feel and new bathrooms with an indoor outdoor flow taking advantage of its excellent location and magnificent views over the Remarkables mountains and Lake Wakatipu.”

The hotel, which is expected to be rebranded in the next few months, will remain open during the refurb, which is due for completion late this year.

Clark says she’s delighted: “It’s great to see that the tide has turned at long last and hoteliers can put money back into their properties.”

Last summer, another local hotel, Mercure, was upgraded to four stars following a $2.2 million refurb.

And in January, Mountain Scene reported that Swiss-Belhotel International, which already managed Queenstown’s Swiss-Belresort Coronet Peak, had bought the Arthurs Point hotel and also planned to lift its rating from three to four stars.

Auckland-based Sarin Investments, operating locally as USAR Queenstown Ltd, has more than 30 years’ industry experience, and is building a 140-room hotel on a vacant Christchurch CBD site it recently bought.