{"id":345424,"date":"2026-03-24T14:06:22","date_gmt":"2026-03-24T14:06:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/345424\/"},"modified":"2026-03-24T14:06:22","modified_gmt":"2026-03-24T14:06:22","slug":"capstone-and-marsden-hotel-groups-merge-to-manage-45-properties","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/345424\/","title":{"rendered":"Capstone and Marsden hotel groups merge to manage 45 properties"},"content":{"rendered":"<p class=\"LolVegRJp\" style=\"display:none\">As part of the transaction, Capstone forms part of the enlarged Marsden Group, operating under a unified group structure.<\/p>\n<p class=\"LolVegRJp\" style=\"display:none\">Capstone will continue to operate as a distinct brand within the extended group, while benefiting from greater national reach and shared executive capability.<\/p>\n<p class=\"LolVegRJp\" style=\"display:none\">Marsden Group chief executive Sajad Bassam has been appointed chief executive of the combined group, and said the merger was about building a platform for strategic long-term growth in New Zealand.<\/p>\n<p class=\"LolVegRJp\" style=\"display:none\">\u201cAs international hotel operators expand into New Zealand, independent platforms need scale to compete effectively. With Capstone, we are creating a stronger, more scalable group that can pursue opportunities with confidence and deliver long-term value for our owners and partners,\u201d Bassam said.<\/p>\n<p class=\"LolVegRJp\" style=\"display:none\">\u201cOur growth will focus on targeted acquisitions, expanded management agreements, and new development partnerships in key regional and gateway markets.\u201d<\/p>\n<p class=\"LolVegRJp\" style=\"display:none\">Bassam said the merger will position the group to compete directly with international operators and accelerate growth through acquisitions, management agreements, and a stronger presence across regional and metropolitan markets.<\/p>\n<p class=\"LolVegRJp\" style=\"display:none\">Capstone founder and managing director Clare Davies will retain an equity stake in the business and serve as chief operating officer of the combined group, while also sitting on the boards of both Capstone and Marsden Group.<\/p>\n<p class=\"LolVegRJp\" style=\"display:none\">Davies said the immediate focus was on people and integration.<\/p>\n<p class=\"LolVegRJp\" style=\"display:none\">\u201cIt\u2019s an exciting milestone for our business. Our focus is on delivering a seamless integration across our systems, people and operating platforms, ensuring continued performance across the portfolio,\u201d Davies said.<\/p>\n<p class=\"LolVegRJp\" style=\"display:none\">\u201cFor our owners and guests, this represents a strengthening of capability behind the scenes, while maintaining complete continuity.\u201d<\/p>\n<p class=\"LolVegRJp\" style=\"display:none\">Tom Raynel is a multimedia business journalist for the Herald, covering small business, retail and tourism.<\/p>\n<p>Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our <a href=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\">Business newsletter<\/a> \u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"As part of the transaction, Capstone forms part of the enlarged Marsden Group, operating under a unified group&hellip;\n","protected":false},"author":2,"featured_media":345425,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[104554,43966,1443,95,54170,138,73809,50605,71,28450,6735,19136,35145,9554,1044,180444,114714,130,3556,3805,111,139,69,7497,11747,1356,46986,131,61,8238,102,2963],"class_list":["post-345424","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-104554","tag-43966","tag-about","tag-and","tag-april","tag-business","tag-capstone","tag-creating","tag-from","tag-groups","tag-hotel","tag-largest","tag-locally","tag-manage","tag-management","tag-marsden","tag-merge","tag-more","tag-national","tag-network","tag-new-zealand","tag-newzealand","tag-nz","tag-owned","tag-platforms","tag-properties","tag-rooms","tag-than","tag-to","tag-under","tag-with","tag-zealands"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/345424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=345424"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/345424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/345425"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=345424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=345424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=345424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}