SkyCity Agrees to Sell The Grand Hotel for NZ$221 Million

SkyCity Entertainment Group announced an agreement to sell The Grand Hotel and its business assets to Eden Global Capital Private Limited and Auckland City Collective Limited for NZ$221 million. The agreement was announced on 16 October and remains conditional, including on approval from New Zealand’s Overseas Investment Office; settlement was targeted for mid-December 2026. Corporate finance advisers, property investors and transaction specialists can explore opportunities in valuation, due diligence, acquisition financing and transaction support. The NZ$221 million figure is the announced sale price, not a completed transaction.