Pioneer Capital and TRML Management Acquire The Rees Management Ltd

October 12, 2018

Pioneer Capital, together with current TRML board members Mark Rose and Bruce Davidson, purchased The Rees Management Ltd (manager of The Rees Hotel Queenstown) in a management-led transaction announced 12 October 2018. The deal positions The Rees as the centrepiece of a strategy to develop a boutique New Zealand hotel chain targeting the high-end international tourism market, with the existing management team and staff retained.

Buyers
Pioneer Capital, Mark Rose, Bruce Davidson
Targets
The Rees Management Ltd (manager of The Rees Hotel Queenstown)
Location
Otago, New Zealand
Transaction Type
Buyout

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