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Speaker 1: Morning, Mike.

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Speaker 2: Is it the idea that came out of the sale

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Speaker 2: or had you guys always had your eye on it?

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Speaker 2: Should something you know, come to the market.

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Speaker 1: No, it really came from the market. It was an

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Speaker 1: im went out from cad Thornton, the current owner, and

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Speaker 1: it's just caught for guy's imagination really, so there was

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Speaker 1: no thought previously, no you know, line up to to

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Speaker 1: get the hotel. It was just an opportunity that, yeah,

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Speaker 1: came came from from Caid Thornton's putting the sale sale

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Speaker 1: sign up.

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Speaker 2: What sort of consortium is it? How many how many locals?

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Speaker 2: Who's a good bugger? Who's a pain? I mean, how'd

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Speaker 2: you put it all together?

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Speaker 1: Now, there's two guys Vegas want to remain low key, Mike, so,

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Speaker 1: but there are a couple of high net worth individuals

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Speaker 1: are Kiwi's and so they approached me to become the

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Speaker 1: publican and to front everything and that's what I'm doing.

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Speaker 1: So but yeah, they are good buggers.

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Speaker 2: How much is it business? How much of it is altruism,

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Speaker 2: local ownership, keep it in the community, all that stuff.

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Speaker 1: I think it's probably both might to be honest, it's altruistic.

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Speaker 1: They wanted to definitely keep it in Kiwi hand. That

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Speaker 1: that was probably the motivation, and then beyond that was

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Speaker 1: that it's a it's a pretty good investment. It's got

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Speaker 1: a great trade in history, and so those two things

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Speaker 1: combined were really the motivation.

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Speaker 2: What's the potential you reckon? Do you see upside?

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Speaker 1: You know, I do. It's but with that upside comes

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Speaker 1: just a modicum of caution, just we don't want to

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Speaker 1: change a lot. We don't want anything like that. It's

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Speaker 1: a it's got a good trade in history, as I said,

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Speaker 1: and it's as a going concern, it's you know, exactly

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Speaker 1: what what you want. The business is solid and that's

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Speaker 1: what we want to do. We don't want to do

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Speaker 1: anything that changes that. There's just Kiwis and national visitors

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Speaker 1: all the time, every day, and that's what we want

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Speaker 1: to keep.

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Speaker 2: You're not going to tell me the price, obviously, but

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Speaker 2: we all had a guess when it came to the market,

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Speaker 2: and I'm assuming you guys sort of did as well.

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Speaker 2: Was your guess right?

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Speaker 1: Ish? Yeah? I think so. It's just you know, they

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Speaker 1: considered it, put in an offer and worked through with

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Speaker 1: Kaid and came to a settlement which was fear, I

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Speaker 1: think to both parties.

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Speaker 2: I can hear in the background the birds. You're in

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Speaker 2: the garden of the hotel. Does it feel pretty good?

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Speaker 1: It feels pretty good, Mike yep. And that looks pretty

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Speaker 1: good as well. For more from The Mike Asking Breakfast,

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Speaker 1: listen live to news talks.

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Speaker 2: It'd be from six am weekdays, or follow the podcast

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Speaker 2: on iHeartRadio.