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StayWell Hospitality Group Parts Ways With CP Group

May 13, 2015 Hotel News No Comments Email Email

Australian based international hotel management company StayWell Hospitality Group received notice on Friday 8 May 2015 from companies controlled by New Zealand based CP Group (CP Group) that CP Group has purported to terminate StayWell Hospitality Group’s management agreements for CP Group’s five trans-tasman properties.

StayWell Hospitality Group and CP Group established a relationship in October 2013 where StayWell took over the management of CP Group’s five trans-tasman properties.

Simon Wan, CEO and Managing Director of StayWell Hospitality Group says StayWell has elected not to seek an injunction stopping CP Group’s purported termination of the management agreements but intends instead to commence legal proceedings to seek to recover damages from CP Group.

“We believe that CP Group has failed to meet its obligations under the management agreements and we are pursuing our claims through the legal system in New Zealand to protect our reputation and brand image.” Mr. Wan said.

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