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Hotel asset sale to end yet another licensing trust

Broadcast United News Desk
Hotel asset sale to end yet another licensing trust

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The Mount Wellington License Trust is selling its assets because it cannot afford the required earthquake strengthening works.

Waipuna Hotel and Conference Centre.

The Mount Wellington License Trust has decided to sell two of its assets – the Waipuna Hotel and Conference Centre and the Panmure Historic Hotel.

The move means the company will invest proceeds in a more diversified portfolio and could shift from one of its top five holdings in the past to

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