Novotel lands at Auckland Airport

Wednesday, 23 Jul, 2009 0

AUCKLAND – A joint venture between hotel group Accor, Tainui Group Holdings and Auckland International Airport (AIAL) will see the development of a 260-room Novotel hotel at Auckland Airport, to be completed in time for Rugby World Cup 2011.

Tainui will act as lead developer and investor with a majority interest in the joint venture and AIAL will hold a minority interest.

The hotel will be developed on a long-term ground lease granted by AIAL and will be managed by Accor under its Novotel brand.

The total forecast completed cost is NZ $65million, including hotel construction estimated at approximately $45million. The deal remains conditional on project finance and construction tender.

The Novotel will add to Accor’s New Zealand network, which already comprises 27 hotels, including five in Auckland.



 

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Ian Jarrett



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