SkyCity Agrees to Sell Auckland’s Grand Hotel for US$124M

SkyCity Entertainment Group has signed a binding agreement to sell The Grand Hotel in Auckland and its associated business assets for NZ$221 million (US$124 million), continuing its efforts to reduce debt through property disposals. The buyers, Eden Global Capital Private Limited (EGC) and Auckland City Collective Limited (ACCL), belong to a privately owned property investment and development organisation with interests across Australia and Southeast Asia, including Singapore. Announced on October 16, the transaction requires several approvals, including consent from New […]

The post SkyCity Agrees to Sell Auckland’s Grand Hotel for US$124M appeared first on World Casino News.