LM Investment Management has acquired Hotel So in Christchurch, New Zealand, for NZ$20m ($14.9m).

The 283-room concept hotel, which was developed by Christchurch developer Dave Henderson, opened in 2007.

The hotel features mood lighting, visual and sound effects and unique layouts optimising space.

An extra 113 rooms were added in November last year to accommodate increased demand, according to malaysianews.net.