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EVT Limited (ASX:EVT)

ALERT: Price-sensitive ASX Announcement for EVT
Current share price for EVT : $12.590 -0.51 (-3.89%)+
Announcement
Release
24 Dec 2025 8:39AM
Price at Release
$13.100
Full Release
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Summary
EVT Limited has announced the acquisition of QT Auckland, a premium lifestyle hotel located in Auckland's Viaduct precinct, for NZ$87.5 million. This acquisition enhances EVT's strategic hotel portfolio and secures a long-term brand presence in a key location. QT Auckland is a 150-room hotel that features a rooftop bar and a renowned restaurant, Esther. The acquisition aligns with EVT's strategy to grow its hotels division earnings through ownership of high-performing assets in key cities. This expansion supports the QT brand's presence in major cities like Sydney, Melbourne, and Singapore, aiding in future growth opportunities through asset-light strategies and management agreements. The acquisition is set to complete in early 2026, and EVT continues to optimize its portfolio by divesting non-core properties, such as the recent sale of Rydges Geelong.
Key Points
  • EVT acquires QT Auckland for NZ$87.5 million
  • QT Auckland is located in Auckland's Viaduct precinct
  • The hotel features 150 rooms, a rooftop bar, and the Esther restaurant
  • The acquisition strengthens EVT's strategic hotel portfolio
  • EVT aims to grow its hotels division earnings through high-performing asset ownership
  • QT brand has a presence in key cities such as Sydney, Melbourne, and Singapore
  • EVT's strategy includes asset-light expansion and management agreements
  • Completion of acquisition expected early 2026
  • EVT sold Rydges Geelong to focus on strategic city hotel investments
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.