Grand Millennium Auckland (previously known as Rendezvous Hotel Auckland)

  • Property Details
  • Overview
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 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
Title Freehold
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 2016 NZ$177.0 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
FY 2015 Key Financials [  –  ]
Rental income S$9.7 million (2)
(NZ$10.0 million)
Net property income S$9.7 million (2)
(NZ$10.0 million)
Average occupancy rate 85.3%
  • (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

  • Guest Room

    452
    Guest Rooms

  • Land Area

    5,910 sq m
    Land Area

  • In Valuation

    NZ$177 million
    In Valuation

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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