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Luxury hotel developer in liquidation

July 14, 2019 4:08 pm

The property developer behind one of Christchurch’s newest hotels is in liquidation.

After completing the luxury $40 million Sudima Hotel and attached office building, Kilmour Properties 2014 Ltd sold the complex to the Sudima chain in May.

The hotel opened in June.

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Kilmour’s Auckland shareholders then put the company into liquidation with at least 17 creditors, including the Christchurch City Council.

The sale has been settled and the price, which has not yet been disclosed, is understood to be a little over $30m.

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