“YTL Hotels expands its global portfolio with the RM388 million acquisition of Hotel Indigo Auckland — New Zealand’s second-largest hotel transaction. The deal marks YTL’s first entry into the country’s hospitality market and strengthens Malaysia–New Zealand investment ties.”
Kuala Lumpur, 03rd November 2025, 10.41am – YTL Hotels, the hospitality arm of YTL Corporation Bhd, has made its first foray into New Zealand with the acquisition of Hotel Indigo Auckland, a newly built 225-room property valued at approximately RM388 million (NZD 140 million).
The deal, brokered by McVay Real Estate and Whillans Realty Group on behalf of developer Ninety-Four Feet, represents New Zealand’s second-largest single hotel asset sale on record, highlighting both the country’s tourism rebound and YTL Hotels’ confidence in its long-term growth.
Strategically located in Auckland’s city centre, Hotel Indigo occupies part of a 41-storey mixed-use tower and offers sweeping views of the city skyline. The property, which opened in April 2024 as the first Hotel Indigo in New Zealand, is within walking distance of the Aotea Train Station, New Zealand International Convention Centre, Sky Tower Casino, and Britomart precinct.
Strengthening Asia-Pacific Presence
Datuk Mark Yeoh, Executive Director of YTL Hotels, said the acquisition underscores the group’s commitment to expanding its presence in the Asia-Pacific region.
“At YTL Hotels, we have always sought to create treasured places and moments that connect people to their surroundings. New Zealand embodies that same spirit. This investment marks our confidence in its visitor economy and our dedication to building lasting partnerships that bring meaningful value to local communities,” Yeoh said.
The agreement includes a 25-year hotel management contract with IHG Hotels & Resorts, further solidifying YTL Hotels’ long-term commitment to New Zealand’s tourism sector.
YTL Hotels’ international portfolio spans Asia, Europe, and Australia, featuring acclaimed properties such as The Majestic Hotel Kuala Lumpur, The Gainsborough Bath Spa in the UK, and The Ritz-Carlton Koh Samui in Thailand.
Malaysian Investment Ties with New Zealand Strengthened
The acquisition coincided with the official visit of New Zealand Prime Minister Rt Hon Christopher Luxon to Malaysia this week. During the visit, two major Malaysian investments were announced — YTL Hotels’ acquisition and Yinson Renewables’ clean energy projects, totalling about 1 GW of renewable capacity.
Both investments were officiated by Luxon, New Zealand Minister of State for Trade and Investment Nicola Grigg, and Malaysia’s Deputy Minister of Investment, Trade and Industry Liew Chin Tong.
Benny Goodman, General Manager of Invest New Zealand, said these deals reaffirm New Zealand’s status as a credible destination for global capital and investor confidence across diverse sectors.
Yinson Renewables, which has been developing wind projects in New Zealand for four years, said it is committed to advancing the nation’s renewable energy ambitions through long-term collaboration with local partners and the government.
