Capstone Hotel Management and Marsden Group Merge, Forming New Zealand's Largest Locally Owned Hotel Platform with 45 Properties
🏨 Capstone Hotel Management and Marsden Group merged to form New Zealand's largest locally owned hotel management platform, overseeing 40+ properties nationwide. The merger combines Capstone’s management services with Marsden’s capital strength, managing five brands including Ramada and Wyndham. The new entity has 45 properties and 2,500+ rooms. Sajad Bassam was appointed CEO, while Clare Davies remains COO and board member. The focus is on strategic growth through acquisitions and partnerships.
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