Tallest tower earmarked for hotel
Source: http://www.stuff.co.nz/the-press/10225129/Tallest-tower-earmarked-for-hotel
CROWNE PLAZA HOTEL | COLOMBO AND ARMAGH ST CNR | 17L | 70 Metres | Refurbishment Completed
"international and local interests are considering turning Christchurch's badly damaged former Forsyth Barr building into a hotel, as the city gears up for next year's Cricket World Cup.
Colliers International says it has had interest from both overseas and local players in converting the damaged office block into a 200-room, 4.5 to 5-star hotel."
Source: http://www.stuff.co.nz/the-press/news/10212169/Forsyth-Barr-building-eyed-for-new-hotel
Fingers crossed the Forsyth Barr is about to get a lease of new life!
Colliers International says it has had interest from both overseas and local players in converting the damaged office block into a 200-room, 4.5 to 5-star hotel."
Source: http://www.stuff.co.nz/the-press/news/10212169/Forsyth-Barr-building-eyed-for-new-hotel
Fingers crossed the Forsyth Barr is about to get a lease of new life!
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Forsyth Barr to become a hotel
Christchurch's tallest office tower has been sold and will become a major hotel.
The damaged tower, Forsyth Barr House overlooking Victoria Square, has been sold in as-is condition.
Details of the buyer and price remain confidential. The Press has been told the buyer is a local property developer who will gut the existing structure and reconstruct it for an international hotel chain.
Peter Rae, spokesman for the consortium of 25 previous owners, confirmed the sale had been finalised. He did not wish to comment except to say it had been ''a long, drawn-out process''.
The consortium put the 17-storey, 70-metre high tower up for sale last year after banking an insurance payout for the damage. Their money has already gone north, with members of the group revealed this week as the buyers of a $45.75 million Auckland shopping mall.
The Christchurch Central Development Unit's (CCDU) had earmarked the Forsyth Barr site for the Performing Arts Precinct, but decided not to acquire it after insurers chose not to write off the building. The property has a rating valuation of just over $30 million, based on repaired value, with $3m of this land value.
As of yesterday the Christchurch City Council had not received any resource consent applications for the property.
A hotel industry source said the developer who has bought Forsyth Bar House had invited several hotel management companies to take a look at it. Real estate sources have said a 200-room, 4.5 or 5 star hotel could be created from the tower.
The building was designed by Warren and Mahoney and built as Robert Jones House in 1989.
It made international news when its stairway collapsed in the February 2011 earthquake, and office workers were photographed abseiling out of broken windows to safety.
http://www.stuff.co.nz/the-press/business/the-rebuild/10358115/Forsyth-Barr-to-become-a-hotel
Christchurch's tallest office tower has been sold and will become a major hotel.
The damaged tower, Forsyth Barr House overlooking Victoria Square, has been sold in as-is condition.
Details of the buyer and price remain confidential. The Press has been told the buyer is a local property developer who will gut the existing structure and reconstruct it for an international hotel chain.
Peter Rae, spokesman for the consortium of 25 previous owners, confirmed the sale had been finalised. He did not wish to comment except to say it had been ''a long, drawn-out process''.
The consortium put the 17-storey, 70-metre high tower up for sale last year after banking an insurance payout for the damage. Their money has already gone north, with members of the group revealed this week as the buyers of a $45.75 million Auckland shopping mall.
The Christchurch Central Development Unit's (CCDU) had earmarked the Forsyth Barr site for the Performing Arts Precinct, but decided not to acquire it after insurers chose not to write off the building. The property has a rating valuation of just over $30 million, based on repaired value, with $3m of this land value.
As of yesterday the Christchurch City Council had not received any resource consent applications for the property.
A hotel industry source said the developer who has bought Forsyth Bar House had invited several hotel management companies to take a look at it. Real estate sources have said a 200-room, 4.5 or 5 star hotel could be created from the tower.
The building was designed by Warren and Mahoney and built as Robert Jones House in 1989.
It made international news when its stairway collapsed in the February 2011 earthquake, and office workers were photographed abseiling out of broken windows to safety.
http://www.stuff.co.nz/the-press/business/the-rebuild/10358115/Forsyth-Barr-to-become-a-hotel
You bet me to it!
This is awesome news
This is awesome news
When I saw this photo I thought they were going to convert the old Rydges hotel on Oxford tce into the new Crowne Plaza as the story does not mention anything about the Forsyth Barr House:
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IHG Crowne’s Christchurch
The InterContinental Hotels Group (IHG) will renew its presence in Christchurch in 2015, signing an management agreement to develop a 200-room Crowne Plaza hotel in the city, making it the group’s sixth property in the country.
The Crowne Plaza Christchurch, the third Crowne Plaza in New Zealand, will be one of the tallest buildings in the city and located in its CBD, across from the new build Christchurch Convention Centre, slated to open in 2017.
The 195-guest room hotel will feature 5 suites, function spaces and a variety of food and beverage options throughout the property to cater to both business and leisure travellers.
“Tourism is one of the 20 high priority projects outlined in the Economic Recovery Programme for Greater Christchurch, and we are proud to be part of the city’s economic revival," IHG head of development Australasia, Matthew Tripolone said.
"When the new Crowne Plaza Christchurch opens its doors in 2015, IHG will once again have a presence in every major market in New Zealand, and we are confident of our long-term growth in the region."
The former Crowne Plaza hotel in a different location in Christchurch was forced to be demolished in 2012 after suffering severe damage in the 2011 Chirstchurch earthquake.
http://www.travelweekly.com.au/news...ail&utm_term=0_fe913f1856-0d2ab8fb39-58159401
So a bit misleading article and they also say it be open in 2015 while the stuff article says 2016!
IHG Crowne’s Christchurch
The InterContinental Hotels Group (IHG) will renew its presence in Christchurch in 2015, signing an management agreement to develop a 200-room Crowne Plaza hotel in the city, making it the group’s sixth property in the country.
The Crowne Plaza Christchurch, the third Crowne Plaza in New Zealand, will be one of the tallest buildings in the city and located in its CBD, across from the new build Christchurch Convention Centre, slated to open in 2017.
The 195-guest room hotel will feature 5 suites, function spaces and a variety of food and beverage options throughout the property to cater to both business and leisure travellers.
“Tourism is one of the 20 high priority projects outlined in the Economic Recovery Programme for Greater Christchurch, and we are proud to be part of the city’s economic revival," IHG head of development Australasia, Matthew Tripolone said.
"When the new Crowne Plaza Christchurch opens its doors in 2015, IHG will once again have a presence in every major market in New Zealand, and we are confident of our long-term growth in the region."
The former Crowne Plaza hotel in a different location in Christchurch was forced to be demolished in 2012 after suffering severe damage in the 2011 Chirstchurch earthquake.
http://www.travelweekly.com.au/news...ail&utm_term=0_fe913f1856-0d2ab8fb39-58159401
So a bit misleading article and they also say it be open in 2015 while the stuff article says 2016!
Here's some photos showing the whole building. I'm just happy that they aren't demolishing it, it would just be another empty site to be replaced in the future by a 2 story building hno:
I think it is a perfect location to have a hotel, it will have a stunning outlook over Victoria Square and the rest of the city. Especially cool as the old Crowne Plaza was also looking over Victoria Square from the other side. I read in the article that it will be the biggest hotel in the city with 200 rooms, does anyone know what the biggest hotel was pre-earthquakes? I guess it would be the Grand Chancellor?
Blue Skys and Roadcones by Jocey K, on Flickr
Making Way for the New Convention Center by Jocey K, on Flickr
Forsyth Barr building by Christchurch City Libraries, on Flickr
Clock Towers and Architecture by Jocey K, on Flickr
hno: I think it is a perfect location to have a hotel, it will have a stunning outlook over Victoria Square and the rest of the city. Especially cool as the old Crowne Plaza was also looking over Victoria Square from the other side. I read in the article that it will be the biggest hotel in the city with 200 rooms, does anyone know what the biggest hotel was pre-earthquakes? I guess it would be the Grand Chancellor?
Blue Skys and Roadcones by Jocey K, on Flickr
Making Way for the New Convention Center by Jocey K, on Flickr
Forsyth Barr building by Christchurch City Libraries, on Flickr
Clock Towers and Architecture by Jocey K, on Flickr
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