Buddle Findlay advised Australian-based RF Corval Group on its financing (provided by ASB Bank) for the off-market acquisition and proposed development of the Sherwood Hotel, a unique and community-focused retreat celebrated for its sustainability and local engagement located in Queenstown. RF Corval has entered into a management agreement with EVT who will manage the hotel as part of its independent collection of hotels and resorts and, as part of the transition, RF Corval will invest and elevate the offering, starting with an upgrade to the hotel rooms.
Buddle Findlay partner Paul Farrugia, and senior associates Matthew Triggs and William Hunnan worked closely with the Australian RF Corval team on the financing requirements. Paul Farrugia commented "we were delighted to work closely with RF Corval and support it on the funding for the acquisition of this unique high quality hotel asset in Queenstown."
