Swiss-Belhotel International Acquires Swiss-Belresort Coronet Peak in Queenstown, New Zealand

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. November 05, 2015

QUEENSTOWN, N.Z. November 5, 2015 - Swiss-Belhotel International, a leading global hotel management company, based in Hong Kong and owned in partnership by Gavin M. Faull, a New Zealand International businessman has purchased Swiss-Belresort Coronet Peak, Queenstown.

"This is a strategic move by Swiss-Belhotel International" stated Chairman and President Gavin Faull "and endorses our confidence in Queenstown and the booming New Zealand tourism market."

Swiss-Belresort Coronet Peak is well located near the Coronet Peak ski fields as well as the Shotover Jet operation and across the road from the famous Onsen Hot Pools. A great location, attracting International and national tourists.

Swiss-Belresort Coronet Peak has 78 rooms and suites, the only seven lane bowling alley in Queenstown, two bars, two restaurants, and supporting facilities including gardens and recreation areas. The hotel offers great facilities for both tourists and locals and is ideal for the family traveler.

Swiss-Belhotel International will be totally refurbishing the hotel over the next 18 months which will also include the bar and restaurants. It is the objective to present the hotel as a truly international operation as well as developing the restaurant, bar and recreational facilities in a way that the local market will use and appreciate. Swiss-Belresort Coronet Peak will develop into a real asset and facility for this beautiful area of Queenstown and will become an important part of local entertainment and enjoyment for the community.

"It is the philosophy of Swiss-Belhotel International to ensure that their hotel operations contribute to and are part of the community in which they operate" stated Gavin Faull "and we will definitely make Swiss-Belresort Coronet Peak part of the Queenstown community". "In this regard the management is already discussing setting up a local farmers market in the open areas of the hotel on a weekend basis to attract the tourist and the local inhabitants" he added.

Swiss-Belhotel International will also be looking for similar investment and management opportunities in New Zealand and the company is already in negotiation with investors regarding hotel operations in Auckland and other parts of New Zealand.

About Swiss-Belhotel International

Swiss-Belhotel International currently manages a portfolio of more than *125 hotels, resorts and projects located in China, Vietnam, Philippines, Malaysia, Indonesia, Bulgaria, Georgia, Turkey, Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, Australia and New Zealand. Awarded Indonesia's Leading Global Hotel Chain for five consecutive years, Swiss-Belhotel International is one of the world's fastest-growing international hotel and hospitality management groups. The Group provides comprehensive and highly professional development and management services in all aspects of hotel, resort and serviced residences. Offices are located in Hong Kong, New Zealand, Australia, Europe, United Arab Emirates, China, Indonesia and Vietnam. *Numbers may fluctuate

Contact:
Brayna Tolledo
[email protected]
(62 21) 2952 7277, 2952 7278