Properties

Grand Millennium Auckland

71 - 87, Mayoral Drive, Auckland 1010

  • Guest Room

    453
    Guest Rooms

  • Land Area

    5,910 sq m
    Land Area

The 453-room Grand Millennium Auckland is a prime 12-storey atrium-styled hotel located in New Zealand's main gateway city. The property is one of the largest hotels in the city comprising extensive conference facilities. It is 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 also within walking distance to the casino and the New Zealand International Convention Centre which is due to open in 2025.

The hotel completed the refurbishment of the all-day dining restaurant and the lobby lounge in 2023. In March 2024, the hotel unveiled its ballroom transformation following an extensive makeover.

NOTABLE ACCOLADES

  • • TripAdvisor Certificate of Excellence (2012 - 2021)
  • • Qualmark Assessment 2022 - 4.0 stars

 

Property Details [  –  ]
Number of guest rooms 453
Number of F&B outlets Five outlets comprising Katsura Japanese Restaurant, Ember restaurant, sensory dining in the dark experience Dans le Noir?, Estelle's bar and the Aviary lobby bar
Banquet/Conference/Meeting facilities 15 meeting spaces comprising over 1,619 sq m offering a variety of flexible multi-function rooms that can be used for intimate board meetings through to large gala dinners, exhibitions or cocktail functions for up to 1,000 delegates
Other facilities Full serviced business centre
Car park facilities 259 car park lots
Land area 5,910.0 sq m
Title Freehold
Purchase price at 19 December 2006 NZ$113.0 million
Valuation (1) as at 31 December 2023 NZ$211.0 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 each. Lease renewed for second 3-year term expiring on 6 September 2022 and third 3-year term expiring on 6 September 2025
Minimum rental income Zero for the first two years of the term and NZ$2.0 million for the third year
FY 2023 Key Financials [  –  ]
Rental income S$7.3 million (2)
(NZ$8.8 million)
Net property income S$7.3 million (2)
(NZ$8.8 million)
Average occupancy rate 73.0%
  • (1)The property was valued by CBRE Limited using a combination of the Capitalisation and Discounted Cash Flow approaches.
  • (2)Based on the average exchange rate of NZ$1.00 = S$0.8250.

To make an online reservation, please click

Back
to
Top