Blenheim Chateau sold
The Chateau Commodore Hotel at Blenheim has been sold but the proceeds are unlikely W be sufficient to pay all the creditors. The hotel has been bought by the company which owns the Autolodge Motor Hotel in Papanui Road, Christchurch. The price has not been disclosed but is believed to be considerably less than the Government valuation of more than SIM. The Government-appointed trustee (Mr K. J. Jensen) said it would take some time before final accounts were prepared. Legal action would then determine how moneys held in trust would
: be distributed among credit tors. : The manager of Autolodge (Mr T. A. McKenzie) said that a new company would : be formed to run the Bleni heim hotel. It would have I the same shareholders as Autolddge Investments (Christchurch), Ltd, which • owns the Autolodge Motor Hotel. Staff at the 108-bed Blenheim hotel would be retain--1 ed under the management of I the former assistant man- : ager of Autolcrdge. Mr C. s Birks. The new company i would officially take posses- ■ sion of the hole! on Novem--1 ber 20.
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Bibliographic details
Press, 4 November 1978, Page 3
Word Count
180Blenheim Chateau sold Press, 4 November 1978, Page 3
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