The redeveloped Coronet Ridge Resort has been officially opened following a full-scale redevelopment of the five-star luxury alpine retreat.

The redesigned 41-room property, formerly Nugget Point hotel by New Bay Group will be managed by Capstone Hotel Management, and is expected to draw increased tourism visitation to the region.

Queenstown is enjoying strong demand from both international and domestic visitors, with international passenger movements at Queenstown Airport reaching 111,625 in January 2025 – a 10% increase on the same month last year. The destination continues to lead the country in hotel performance, with operators posting simultaneous growth RevPAR, occupancy, and ADR.

“The location of this hotel has always been a standout feature for its customers – the sweet spot between the countryside and easy access to a thriving downtown Queenstown. The former Nugget Point hotel stood the test of time, but it is wonderful to see the site revamped, refreshed and re-named under new ownership that has the confidence to invest in our district,” Mayor of Queenstown Lakes, John Glover, said at the opening ceremony.

The resort is one of the closest properties to the world-renowned Coronet Peak Ski Area, just 13 minutes away.

“We saw Nugget Point Hotel in 2022 and fell in love with it. To see Coronet Ridge Resort come to life in such a spectacular setting is immensely rewarding. We believe this property will set a new standard for alpine luxury in New Zealand and become a sought-after destination for discerning travellers from around the world,” New Bay Group Executive Director, HC Tan said.

The resort, which is 15 minutes from Queenstown Airport, and 10 minutes from the town centre, is led by General Manager Ethan Heng, whose extensive hospitality expertise has been integral to the property’s transformation, the group stated.

“Coronet Ridge Resort is a truly extraordinary property, and we are privileged to be entrusted with its management. Our team is dedicated to delivering an experience that reflects the ambition and vision of New Bay Group, where every guest feels the magic of this remarkable location from the moment they arrive,” Capstone Hotel Management Managing Director, Clare Davies said.

The resort’s amenities include a conference space for up to 30 people, a Roman-inspired day spa, outdoor hot tubs, a premium fitness centre, squash courts, and an exclusive private cinema for relaxed entertainment.

Elevation Bar & Restaurant showcases panoramic views of the Wakatipu Basin, the Remarkables, and the Shotover River alongside a seasonally inspired menu from Executive Chef Dominic Dsouza. Guests can enjoy everything from alfresco terrace dining and open kitchen theatrics to après-ski and winter evenings by the Library Bar fireplace.