• A Wellington property developer is using the problem of falling office demand to help fill the shortage of hotel space.

Alex Cassels, the son of Wellington Company director Ian, is refitting an office building spanning Lambton Quay and The Terrace into a 136 room hotel.

Due to open around August 10 under its own Park Hotel brand, the project is set to cost about $8.5 million.

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Office Glut

MONIQUE FORD / Fairfax NZ
Alex Cassels is turning unused office space into a new mid-range hotel on Lambton Quay.