Cashflow issues and trading losses led to the collapse of the companies behind a $30 million Queenstown hotel, liquidators have found.
Liquidators Judith Shields and Malcolm Hollis, of Teneo Financial Advisory New Zealand Ltd, have now given public notice of their intention to remove Ex TCHL (formerly The Carlin Hotel Ltd) and Ex CHPML (previously Carlin Hotel Property Management Ltd) from the companies register.
Receivership of a third associated company, Queenstown Views Villas Ltd (QVVL), concluded in December.
The late Kevin Carlin developed the $30m Carlin Hotel in Queenstown’s Hallenstein St, opening it in March 2022.
He died, aged 69, of natural causes, in December the following year.
Two months later, in February, the…