AIA New 5-star Hotel at Auckland Airport
Media Release | 17 February 2017
New 5-star hotel to meet growing
demand for quality accommodation at
Auckland Airport
Auckland Airport and Tainui Group Holdings have announced an agreement to develop
a new 5-star hotel adjacent to Auckland Airport’s international terminal and the existing
4-star Novotel hotel. The new premium 250-room hotel will be operated by AccorHotels
under the Pullman brand.
While the additional hotel development has long been a feature of Auckland Airport’s
‘airport of the future’ vision, Mark Thomson, Auckland Airport’s general manager -
property, says the timing has been influenced by unprecedented demand for hotel
accommodation in Auckland. Building the hotel now also responds directly to strong
demand for accommodation that provides easy access to the airport terminals.
“Auckland Airport plays a key role in New Zealand’s growing tourism industry and in
connecting Auckland to New Zealand and New Zealand to the world. This hotel, which
will benefit from its premium location adjacent to the international terminal and the
current Novotel, will provide more choices for travellers looking for high quality
accommodation within walking distance of both terminals,” says Mr Thomson.
“Being able to walk to the terminals, rather than drive, has considerable appeal to hotel
patrons and will also help reduce vehicle movements on our roads.”
The new hotel will trade as the Pullman Auckland Airport and will be developed in a
50:50 partnership with Tainui Group Holdings. As part of this agreement, Auckland
Airport has increased its ownership stake in the Novotel hotel to 50%.
“The partnership with Tainui Group Holdings and AccorHotels has been very successful
and we are pleased to be extending this relationship to another hotel project,” says Mr
Thomson.
The hotel building will carry the name ‘Te Arikinui’, which is the chiefly title that the Late
Maori Queen Te Atairangikaahu chose when she ascended to the Te Wherowhero
(throne) at the time of her Coronation. The chiefly associations of Te Arikinui are in
keeping with the 5-star premium experience to be offered at the hotel.
Chris Joblin, Chief Executive of Tainui Group Holdings, says that this agreement
reflects the strength of the relationship that has been established between Tainui
Group Holdings and Auckland Airport.
“This is an exciting project that will result in two complementary assets located in an
exceptional position at New Zealand’s main gateway. This creates tremendous scope
to create a unique, authentic New Zealand experience for airport visitors and hotel
guests including through unique cultural elements incorporated in the design,” says Mr
Joblin.
Construction is expected to start by the end of this year, with the hotel scheduled to
open by late 2019. By this time, Auckland Airport’s international terminal will have
undergone significant expansion and work will already be underway on the domestic
section of our future combined domestic and international terminal.
Auckland Airport is currently investing more than $1 million every working day on
infrastructure improvements, and expects this level of investment will likely continue into
the near future.
Ends
For further information please contact:
Auckland Airport Tainui Group Holdings
Gez Johns Piet de Jong
+64 27 406 3024 +64 21 812 766
gez.johns@aucklandairport.co.nz piet.dejong@bbg.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- MCK — Millennium & Copthorne Hotels New Zealand Limited: MCK: 2016 Annual Report2017-03-29
“16 | MILLENNIUM & COPTHORNE HOTELS NEW ZEALAND LIMITED ANNUAL REPORT 2016 SAME VIEW, EVERYTHING ELSE IS NEW. ABOUT THE HOTEL Formerly Copthorne Harbour City, the hotel is nearing completion of a total refurbishment and rebuild programme. Upon opening in the second half of 201…”
- SKC — SkyCity Entertainment Group Limited: INTERIM RESULT (FOR THE SIX MONTHS ENDED 31 DECEMBER 2016)2017-02-08
“20 20 Corporate costs were lower during the period primarily due to reversal of LTI accruals and reduced corporate bonus provision Expect corporate costs in 2H17 to be higher than 1H17, reflecting increases in innovation and IT costs Corporate costs, D&A, interest and ta…”
- AIR — Air New Zealand: Air New Zealand 2017 Interim Results Announcement2017-02-22
““Our team responded to the challenge and I want to extend my thanks to our people for their agility and dedication to the changing competitive environment. We modified our capacity plans, accelerated the exit of older aircraft and made sure we…”