Grand Millennium Auckland
- Property Details
Property Details [ – ]
|Number of Guest Rooms||452|
|Number of F&B Outlets||Three outlets comprising Straits Café, Katsura Japanese Restaurant and the Atrium Lounge|
|Banquet/Conference/Meeting facilities||15 function rooms comprising over 1,619 sq m of meeting space offering a variety of flexible multifunction rooms that can be used for intimate board meetings through to large gala dinners, exhibitions or cocktail functions for up to 1,000 delegates|
|Car park facilities||258 car park lots|
|Land area||5,910.0 sq m|
|Vendor||Abacus Funds Management Limited as trustee of Abacus NZ Holdings Trust|
|Purchase price at 19 December 2006||NZ$113.0 million|
|Valuation (1) as at 31 December 2017||NZ$230.0 million|
Master Lease Details [ – ]
|Master lessee||Hospitality Services Limited, a subsidiary of Millennium & Copthorne Hotels New Zealand Limited|
|Term of lease||Three years from 7 September 2016 with options to renew for two further 3-year terms|
|Minimum rental income||NZ$6.0 million|
- (1)The property was valued by CIVAS Limited trading as Colliers International using a combination of the Capitalisation, Discounted Cash Flow and Sales Comparison approaches.
- (2)Based on the average exchange rate of NZ$1.00 = S$0.9628.
71 - 87, Mayoral Drive, Auckland
5,910 sq m
The 452-room Grand Millennium Auckland is a prime 12-storey atrium-styled hotel located in New Zealand's main gateway city. The property is the largest hotel in the city, situated in the heart of Auckland, only 600 metres south of the Sky City entertainment complex, and minutes from all major commercial buildings and the University of Auckland.
A key highlight of the hotel's location is its proximity to Auckland Conventions, Auckland's prime convention precinct which comprises four of Auckland's finest venues: Aotea Centre, The Civic, Auckland Town Hall and Aotea Square. The hotel is conveniently linked to Auckland Conventions by an exclusive underground pedestrian tunnel.
The hotel has complementary and extensive conference facilities with approximately 1,619 sq m of meeting space that can accommodate up to 1,000 delegates. It also provides a full-serviced business centre which offers additional boardrooms.
The hotel offers varied dining options from an extensive buffet breakfast, and a la carte dinner menu in Straits Café to Japanese cuisine in Katsura, 24-hour room service and light lunch and dinner options in Atrium Lounge.
Notable accolades include:
- TripAdvisor Certificate of Excellence (2012 - 2015)
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