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Huka Lodge battle: Brian Cooper takes over for late Michael Kidd against ex business partner 3 Mar, 2021 04:25 AM 2 minutes to read The Huka Lodge in Taupo. Photo / Supplied Private investigator Bryan Cooper has stepped in as plaintiff on behalf of the estate of the late South African businessman Michael Kidd in his long-running legal action against his former business partner and former Huka Lodge owner Alex van Heeren. Kidd, 77, died of pancreatic cancer in Gauteng, South Africa on February 18. Under Kidd s will, dated October 22, 2020, he nominated Cooper as executor and made various directions as to the disposal of his assets. In April 2015, High Court Justice John Fogarty ordered that van Heeren make an interim payment to Kidd of US$25 million ($34.2m) and that an account be taken between the two former partners to determine the full amount owed. Van Heeren was also required to cover Kidd s court costs. ....
Taupō s posh Huka Lodge set to be sold to American private equity firm 29 Jan, 2021 04:23 AM 4 minutes to read An American private equity fund has been allowed to buy Huka Lodge. Photo / Supplied What do Queen Elizabeth II, the Duke of Edinburgh, Prince Edward, Tilda Swinton, Donald Sutherland, Joan Collins, Michael Douglas, Sir Peter Jackson, Sam Neill and Michael J Fox all have in common? Answer: they ve all stayed at Huka Lodge, which is now being sold. The famous Taupō lodge has been voted one of the most romantic tourism venues and has hosted some of the world s richest and most famous people. But now an American private equity business has won government consent to buy the high-profile tourist resort and it has big expansion plans. ....
The lodge was owned by Belgium-based Worldwide Leisure Limited. In the application, the investors said they intended to continue operation of the Huka Lodge business and expand the main lodge and develop new spa and gym facilities. Supplied The Overseas Investment Office has given the green light for the sale of Huka Lodge to a United States-based private equity firm. The primary benefits of the sale included the creation of about four new permanent full-time roles and 25 temporary roles, an increase in exports due to the investors’ extensive and established distribution network, advancement of Tourism NZ’s premium sector strategy and the introduction into New Zealand of additional investment, according to the Overseas Investment Office (OIO) decision. ....