NZ Super Fund backs $200m hotel portfolio in a bet on local tourism

NZ Super Fund backs $200m hotel portfolio in a bet on local tourism

The portfolio includes the Adina Auckland Britomart hotel in Auckland. Photo: NZ Super

New Zealand’s sovereign wealth fund NZ Super Fund is investing in a $201.5 million (NZ$300 million) hotel portfolio managed by local construction company Russel Group and private investor Lockwood, it announced on Monday.