SkyCity enters sale and purchase agreement to offload SkyCity Auckland’s The Grand Hotel for US$124 million
By The Weekly Edge desk ·
Summary
SkyCity Entertainment Group has signed a sale and purchase agreement to sell The Grand Hotel, part of its Auckland property. The reported price is US$124 million. The material supplied gives no further terms, buyer details or completion timetable.
Why it matters
SkyCity’s hotel sale agreement signals a property disposal by the casino group, relevant to investors tracking its assets.