Listing #:1457278384

New purpose-built hotel in Auckland

Location: 66 Hobson Street, City Centre, Auckland City, Auckland
Property use: Hotel/Leis­ure
Floor area: 9,900m2
Land area: 484m2
Price: Price by negotiatio­n
This is a unique opportunity to acquire a large hotel centrally located in the heart of the Auckland CBD. The plans allow for a restaurant, coffee shop, indoor swimming pool, gymnasium and meeting rooms.

Key features include:
- New purpose built four-star 208 room hotel
- Close to Sky City, Federal Street, Auckland's National Convention Centre and CBD
- Room plans cater for 23sqm to 30sqm with an estimated GFA of 9,900sqm
- Purchasers will have the ability to influence design to suit brand positioning within the market

New Zealand Trade and Enterprise (NZTE) report October 2017 estimates that additional hotel development is required to maintain a sustainable balance between demand and supply. High occupancy rates since October 2016 (86% Auckland) have led to significant room rate increases and rev par growth year on year of 18.7% in the Auckland region. ADR is expected to continue to grow through to 2025 as an estimated 9,700 new hotel rooms will be required to meet the tourism demand in each of the main centres. Even whilst new rooms are being established there is still expected to be a shortfall of 4,526 rooms by 2025 across the regions.

For further information:

Agency reference #: 1684154
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Price by negotiation
66 Hobson Street, City Centre, Auckland City, Auckland
Price by negotiation
Listed: Thu 2 Nov, 3:15 pm
Nick Thompson
Bayleys Real Estate Ltd MREINZ, (Licensed: REAA 2008)
  • Contact details
  •  (09) 3096020
  •  (027) 6004712

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Agent's details

Nick Thompson
  •  (09) 3096020
  •  (027) 6004712
Paul Dixon
  •  (09) 3757441
  •  (022) 0917399
Bayleys Real Estate Ltd MREINZ, (Licensed: REAA 2008)
(0800) 2295397
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