{"id":78950,"date":"2025-10-15T01:13:08","date_gmt":"2025-10-15T01:13:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/78950\/"},"modified":"2025-10-15T01:13:08","modified_gmt":"2025-10-15T01:13:08","slug":"iconic-cardrona-hotel-sold-to-group-of-new-zealand-investors","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/78950\/","title":{"rendered":"Iconic Cardrona Hotel sold to group of New Zealand investors"},"content":{"rendered":"<p class=\"iNwUpnfLcxPBLSL\" style=\"display:none\">The group decided it was time to step back and focus on their young families, he said.<\/p>\n<p class=\"iNwUpnfLcxPBLSL\" style=\"display:none\">\u201cIt\u2019s just such a friendly, happy place. It\u2019s a great environment to work and to be the custodian, the captain of that, is tremendously rewarding, and to see the place change in our time. It\u2019s defined my life, really.\u201d<\/p>\n<p class=\"iNwUpnfLcxPBLSL\" style=\"display:none\">The hotel on the Crown Range Rd between W\u0101naka and Queenstown included a restaurant, year-round beer garden, and 17 ensuite hotel rooms sleeping up to 44 guests.<\/p>\n<p class=\"iNwUpnfLcxPBLSL\" style=\"display:none\">Its facade dated back to a now-vanished gold rush town that thrived in the 1860s, when Cardrona was a bustling settlement supporting thousands of Otago gold rush miners.<\/p>\n<p class=\"iNwUpnfLcxPBLSL\" style=\"display:none\">Cade Thornton said it employed 40 to 50 staff, and the hotel was often fully booked.<\/p>\n<p class=\"iNwUpnfLcxPBLSL\" style=\"display:none\">\u201cThe business is in really good stead. I\u2019ve got some very long-term senior staff who love the pub and their jobs and their roles, and they want to see it through with the new owner,\u201d he said.<\/p>\n<p class=\"iNwUpnfLcxPBLSL\" style=\"display:none\">He said the hotel attracted people from all walks of life.<\/p>\n<p class=\"iNwUpnfLcxPBLSL\" style=\"display:none\">\u201cWe\u2019ll have guests arriving by helicopter, all dressed up for a nice meal, and then the local farmers will come in, leaving their gumboots by the door. I don\u2019t think there\u2019s any other place quite like it in New Zealand.\u201d<\/p>\n<p class=\"iNwUpnfLcxPBLSL\" style=\"display:none\">Thornton had said he hoped the next owner would have a \u201creal passion\u201d for the pub.<\/p>\n<p class=\"iNwUpnfLcxPBLSL\" style=\"display:none\">\u201cFifty % of buying it would be that you\u2019d have to love it. You couldn\u2019t just look at it as a business opportunity. You\u2019d have to be passionate about the business, the pub, its history, its potential,\u201d he said.<\/p>\n<p class=\"iNwUpnfLcxPBLSL\" style=\"display:none\">-By <a href=\"https:\/\/www.rnz.co.nz\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.rnz.co.nz\/\">RNZ<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The group decided it was time to step back and focus on their young families, he said. \u201cIt\u2019s&hellip;\n","protected":false},"author":2,"featured_media":78951,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61121,1853,1887,33758,209,6735,16569,321,42899,3025,117,111,43,139,69,1118,9629,9769,61122,14184,3235,61,80],"class_list":["post-78950","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-cardrona","tag-central","tag-countrys","tag-fixture","tag-group","tag-hotel","tag-iconic","tag-investors","tag-landscape","tag-most","tag-new","tag-new-zealand","tag-news","tag-newzealand","tag-nz","tag-of","tag-otago","tag-owners","tag-photographed","tag-pubs","tag-sold","tag-to","tag-zealand"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/78950","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=78950"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/78950\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/78951"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=78950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=78950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=78950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}