Two Queenstown lodges placed into receivership in February have sold, but they and their sole shareholding company have now been placed in liquidation.
Evergreen Lodge, at Sunshine Bay, and Remarkables Mountain Lodge, on Kingston Rd, were sold by tender for a total of $3.87 million.
However, the second receivers report says both property companies and their shareholding company Sleep Overs Limited were placed into liquidation on September 15.
The sole director of all three companies is Elliot Sgargetta, of Australia.
The receivers report, prepared by Andrew Hawkes and Vivian Fatupaito, of KPMG, said it was decided to continue operating both lodges, given demand for accommodation in the area and to assist with obtaining t…
Read the full article at: https://www.odt.co.nz/business/lodges-sold-now-liquidation