Rendezvous Hotel Aucklan
- 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||16 function rooms comprising over 4,336 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 (1)|
|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 2015||NZ$117.0 million|
Master Lease Details [ – ]
|Master lessee||Rendezvous Hotels (NZ) Limited, a subsidiary of Rendezvous Hotels International Private Limited|
|Term of lease||10 years commencing from 7 September 2006|
|Minimum rental income||Base rent of approximately NZ$10.0 million in FY 2015 which further escalates at a rate of 2.75% per annum|
- (1)The property was valued by CBRE Limited 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$0.9652.
71 - 87, Mayoral Drive, Auckland
5,910 sq m
The 452-room Rendezvous Hotel Auckland is a prime 12-storey atrium-styled hotel located in New Zealands 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 hotels location is its proximity to Auckland Conventions, Aucklands prime convention precinct which comprises four of Aucklands 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 4,336 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)
- (1)The property was valued by Colliers International New Zealand Limited using the Initial Year Capitalisation and Discounted Cash Flow approaches.
- (2)Based on the average exchange rate of NZ$1.00 = S$1.0489.