NEWS PROPERTY
Auckland’s 98-year-old Hotel DeBrett, on a site used for accommodation since 1841, is up for sale.
Blair Peterken, a Colliers agent marketing the building with colleagues, said the hotel operator had recently renewed its lease on the building, giving a buyer good income stream prospects.
Auckland Council valued the hotel at $29.5m in June 2021 with the 818sq m land being worth $11.4m and the 2652sq m building is worth $18.1m.