Derek Anderson Christchurch Heritage Ltd., Christchurch Heritage Trust, Chair

The Economics of Heritage – The Excelsior Hotel

Listen to this story
I said, “We’ll buy your building if you rent downstairs, and give us $80,000 per year and we get the upstairs for free…” I put a backpacker up there with 108 beds and we got $135,000 per year rent!

Derek Anderson 

  • Image: Aden Shillito
  • Image Courtesy of Derek Anderson
  • Image: Aden Shillito
  • Image: Aden Shillito
  • Image: Aden Shillito

Building information

The Excelsior Hotel
120 Manchester Street
Architect: William Barnett Armson
Date: c. 1881 – 1882
Category 1 historic place