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2 October, 2024

TFE Hotels and Heritage Hotels announce strategic partnership to enhance NZ portfolio

Edited by Travel Weekly

TFE Hotels has announced a strategic partnership with Heritage hotels that will see five properties refurbished in the next few years.

Under the agreement, Heritage Hotels retains ownership of its portfolio in New Zealand. TFE Hotel will manage more than 500 rooms across five properties, including the Adina Citylife Auckland and Rendezvous Heritage Auckland.

Rendezvous Heritage Queenstown.

In Wellington, the Adina CityLife Wellington will give TFE an apartment-style accommodation offering in the capital whilst in the south, the Rendezvous Heritage Hotel will reestablish a brand presence in Christchurch. The 175-room Rendezvous Heritage Queenstown rounds out the offering, delivering a strong MICE and leisure offering in New Zealand’s adventure capital.

Heritage Hotels managing director, Jeffrey Tang, said the partnership added value to New Zealand’s economy and hotel sector, with plans already underway to upgrade all five hotels in a rolling refurbishment plan over the next few years.

“TFE Hotels is an owner, manager and developer and we see their impressive presence in multiple markets, which includes more than 50 properties in Australia, a strong pipeline of properties and ties to Singapore and Europe, as complementary to our vision for the future. In partnering, we’re bringing together two values-aligned, businesses and brands to work together in elevating guest experiences, strengthening our position in the competitive hospitality landscape, leveraging capability, and providing guests with a fresh, globally connected hotel experience.”

Rendezvous Heritage Christchurch.

TFE Hotels Group chief operating officer, Chris Sedgwick, said the partnership allowed TFE to establish a stronger presence in New Zealand and build a stronger platform for growth.

“Auckland and Wellington are key target markets for us, with our Adina and Travelodge brands already well established. Plus, the reintroduction of the much-loved Rendezvous brand into New Zealand, through the Rendezvous Heritage Auckland, Rendezvous Heritage Christchurch and Rendezvous Heritage Queenstown, provides Asia Pacific scale to the portfolio and will see TFE venture into Otago for the first time.”

The partnership supports and offers expanded choice to international visitors to New Zealand, in line with tourism’s upward trends post-pandemic. Overseas visitor arrivals were 3.22 million in July 2024, an increase of 604,000 from 2023. Visitors from Australia for this period increased by 73,000 to 1.31 million.

Rendezvous Heritage Auckland Rooftop Pool.

TFE Hotels chief executive officer, Antony Ritch, said the partnership paid homage to the amazing work that Heritage Hotels has done in developing these assets and creating a strong New Zealand business.

“We look forward to working closely with Heritage Hotels and the local team to build on their stellar reputation with the continuation of a refurbishment programme across the portfolio.”

The partnership comes as TFE Hotels prepares for a busy year ahead with the opening of the EVE Hotel in Sydney this summer and the $150 million Hannah St. Hotel in Melbourne in the latter half of 2025.

Beyond these five properties, Heritage Hotels and TFE Hotels will be seeking further opportunities to expand and develop together. There is also significant opportunity for professional development and growth for their valued and committed staff.

Adina Citylife Auckland.

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