MCK returns to Christchurch with purchase of luxury hotel

23 October 2024


MCK MARKS RETURN TO CHRISTCHURCH
WITH PURCHASE OF LUXURY HOTEL

Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK) is delighted to announce that it has
reached agreement with Mayfair Luxury Hotels Limited and the Stapley family interests for the purchase of
the Mayfair Hotel Christchurch.

“After over a decade, we are very happy to have a hotel presence in Christchurch once again”, said MCK
Managing Director Stuart Harrison. “Christchurch has always been a strategically important market for us
and the acquisition of this hotel comes at the right time as visitor numbers and interest in Christchurch are
both increasing”.

Located in Victoria Street and a short walk from the Canterbury Museum and Hagley Park, the hotel was
completed and opened in 2022 and has already garnered a reputation for its high-quality spacious rooms
and suites which have views of the city and are designed to let in as much natural light as possible, An art
nouveau-style café and cocktail bar complete the boutique nature of this hotel.

MCK will be using its existing cash resources and bank facilities to complete the acquisition.

The transaction is scheduled to settle before the end of November. A transition to a Millennium &
Copthorne brand will be carried out over the months following completion and will be announced in due
course.

The Directors of Mayfair Luxury Hotels Limited acknowledged the achievements that the hotel team have
achieved in the two-and-a-half-year period since opening. Speaking for the Directors, Glen Stapley said
that the team effort had been exemplary.
“Our people have worked really hard to get the hotel on the map and being the 8
th
ranked hotel in New
Zealand (Trip Advisor Best of the Best Awards 2024) and winning the Best Café in New Zealand at the
2024 Hospitality New Zealand’s Awards for Excellence are two of many highlights. The input and support
of the hotel’s teams have been fantastic and thanks to them, they have contributed to the hotel’s accolades
and excellent reputation”, he said.
Mayfair Hotel - summary:

Property interest
Freehold (opened in mid-2022)

155 Victoria St, Christchurch


Number of rooms

67 guest rooms and suites


Purchase Price

$31,900.000 (plus GST)



Other facilities
Cocktail Bar

Conference/ Meeting facilities

Café & kitchen.

-ENDS-
Issued by Millennium & Copthorne Hotels New Zealand Limited
For investor relations enquiries, please contact: Stuart Harrison, Managing Director M: +64 21 869 216
About Millennium & Copthorne Hotels New Zealand Limited
Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK) is the only NZX listed hotel owner – operator with 18 owned / leased / franchised hotels
based in New Zealand under the Millennium, Grand Millennium, M Social, Copthorne and Kingsgate brands. As part of the Millennium & Copthorne Hotels
group, we are proud to be part of a global network of over 120 properties in gateway cities across Asia, Europe, North America, the Middle East and New
Zealand. MCK is also the majority shareholder in land developer CDL Investments New Zealand Limited (NZX:CDI) and also has property interests in
Australia through its Kingsgate Group subsidiaries including a 50% ownership interest in the Sofitel Brisbane Central through a joint venture.
For more information, visit our website:
www.millenniumhotels.co.nz