The world-famous Cardrona Hotel will remain in Kiwi hands after being sold to New Zealand buyers for an undisclosed sum.
The 162-year-old heritage-listed hotel and restaurant has been purchased by a group of NZ investors with strong links to Central Otago. The group, who wish to remain low key, will take over ownership on November 3.
The business will be run by Warren Barclay, who has lived in Wānaka for the past four years and brings extensive corporate hospitality experience. Barclay is the owner of Experience Group, which runs hospitality for major sporting fixtures and events. He’ll step away from the day to day oversight of Experience Group with his new role as Cardrona Hotel publican.
The new ownership group brings with them a deep appreciation for New Zealand’s heritage and a clear vision for the future of the hotel, Barclay explains.
“We’re incredibly proud to take on the stewardship of such a special part of New Zealand’s story,” he says. “The Cardrona Hotel holds a unique place in the hearts of so many, and we’re committed to preserving its heritage while exploring thoughtful ways to enhance its boutique accommodation, dining, event offerings and overall guest experience.
Cardrona’s Legacy
The acquisition reflects continued confidence in the Southern Lakes region as a premier tourism and lifestyle destination. “The hotel’s strong trading performance, year-round visitor appeal, and iconic status made it a highly sought-after opportunity in the hospitality market,” Barclay adds.
Outgoing owner Cade Thornton, who has overseen the hotel’s operations for the past 13 years, expressed gratitude for the support of the local community and guests over the years.
“It’s been an honour to be part of the Cardrona Hotel’s legacy, and we look forward to becoming ‘locals’ ourselves. We’re delighted to see it passed on to passionate new custodians who share a love for the region and its heritage.”
The Cardrona Hotel sale attracted national and international attention when Thornton announced news of the private sale in July. During the six-week campaign, he’d received enquiry from potential buyers from NZ, Australia, USA and Singapore. At the time, the Cardrona Hotel listing on Trade Me Property was the website’s third most popular live listing this year, with more than 130,016 views in five weeks.
Positive Outcome
“I’m really happy with how it’s all turned out,” Thornton adds. “It’s been a successful outcome for both parties.”
Thornton will remain working with Barclay for a short transition period. He, wife Alexis and their two children will remain living in the Cardrona Valley. They plan to take an extended holiday around Australia early next year.