Forsyth Barr building to become Crowne Plaza Hotel
Christchurch's old Forsyth Barr building is to become the new Crowne Plaza Hotel.
The hotel chain has confirmed it has signed a deal with the building's owners to convert the quake-damaged 19-storey office tower, opposite Victoria Square, into a 200-room hotel with restaurants and a bar.
It will open next year.
The old five-star 297-room Crowne Plaza Hotel on the other side of Victoria Square was demolished in 2012. The replacement will be the third Crowne Plaza in New Zealand for the chain, which is part of the global InterContinental Hotel Group (IHG).
Matthew Tripolone of IHG said they were proud to be part of the revival of Christchurch and the deal signalled their confidence in and commitment to the city.
With five suites, 195 guest rooms, two restaurants, a bar, fitness centre, and function rooms, the new Crowne Plaza will be aimed at business and leisure travellers.
It will be the central city's biggest hotel, pushing the 171-room Rendezvous into second place.
The Forsyth Barr building's owners, local investors and developers MC Christchurch Holdings, bought the property earlier this year from an investment group who had offered it for sale as-is-where is after taking a large insurance payout.