DEALS IN HOTELS
ACTIVITY IN CHRISTCHURCH. SERIES OF TRANSACTIONS Christchurch, Friday. Remarkable activity is in evidence at present in hotel property, and. many well-known houses are changing hand.?. In some cases tins involves the freehold, while in other instances licenses are being changed. Following tho announcement yesterday of. the purchase of Warner’s Hotel, Cathedral Square, by a syndicate for £BO,OOO, it is ascertained, to-day that the Royal Hotel, Oxford Terrace, has changed hands at a price of over £25,000. The freehold of the Papanui Hotel has been sold for about £20,000, while the Wharf Hotel, Woolston, and the Royal Hotel, Woodend, have also been sold. Other hotels which are stated to have changed hands or to be the subject of negotiations are the Canterbury Hotel, Lyttelton, and the Culverden Hotel.
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Taranaki Daily News, 2 December 1929, Page 16
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130DEALS IN HOTELS Taranaki Daily News, 2 December 1929, Page 16
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