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HPL eyes purchase of InterContinental Auckland to further Apac expansion
The Straits Times
|March 05, 2025
Local hospitality company Hotel Properties Limited (HPL) on March 4 announced the expansion of its global luxury hospitality portfolio with the proposed acquisition of InterContinental Auckland.
Valued at $138.5 million, the acquisition is subject to final completion. It will give HPL its first asset in New Zealand, and its second InterContinental property after InterContinental Maldives Maamunagau Resort.
The acquisition will further HPL's expansion in the Asia-Pacific region.
In 2024, the company launched The Boathouse Tioman in Malaysia and Four Seasons Hotel Osaka in Japan. The latter was the 15th Four Seasons property in HPL's portfolio, making the Singapore Exchange-listed company the largest owner of Four Seasons hotels worldwide.
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