Napier City Council proposes $20m sale of Kennedy Park Resort
Wednesday 23 September 2026 · 2 outlets · 2 reports · updated In this story Napier City Council
The Napier City Council plans to sell the struggling Kennedy Park Resort to an Australian-owned company for approximately $20 million. Under the proposal, Hampshire (NZ) would acquire the resort's assets and operations, while the land would be leased for up to 30 years.
Key facts
5 facts
- Proposed sale price: approximately $20 million
- Buyer: Hampshire (NZ), an Australian-owned company
- Resort debt: approximately $8.5 million
- Lease terms: initial 20 years with an option for 10 more
- Location: 5.7 hectares in Storkey Street, suburban Napier
The full story
1 min read · 2 outlets
The Napier City Council has proposed selling the Kennedy Park Resort to an Australian-owned company for approximately $20 million. Under the plan, the assets and operations would be sold to Hampshire (NZ), while the land would be leased for up to 30 years.
Proceeds from the sale would be used to clear the resort's debt of roughly $8.5 million. Some remaining funds would be invested to potentially allow the council to repurchase the resort after the lease term ends.
Where reports differ
- One report describes the lease as up to 30 years, while another specifies an initial 20-year term with a 10-year option
Compiled from reports by NZ Herald and Stuff.