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Grand Millennium Auckland
- Property Details
Property Details [ – ]
|Number of Guest Rooms||453|
|Number of F&B Outlets||Three outlets comprising Grand Millennium Brasserie, Katsura Japanese Restaurant and the Atrium Lounge|
|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|
|Car park facilities||259 car park lots|
|Land area||5,910.0 sq m|
|Purchase price at 19 December 2006||NZ$113.0 million|
|Valuation (1) as at 31 December 2022||NZ$235.0 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||None for the first two years and NZ$2.0 million for the third year of the term|
FY 2021 Key Financials [ – ]
|Rental income||S$21.6 million (2)
|Net property income||S$21.6 million (2)
|Average occupancy rate||98.4%|
- (1)The property was valued by Jones Lang LaSalle Incorporated using a combination of the Capitalisation and Discounted Cash Flow approaches.
- (2)Based on the average exchange rate of NZ$1.00 = S$0.9489.
71 - 87, Mayoral Drive, Auckland 1010
5,910 sq m
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, 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 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 Grand Millennium Brasserie to Japanese cuisine in Katsura and light lunch and dinner options in the Atrium Lounge.
Notable accolades include:
- TripAdvisor Certificate of Excellence (2012 – 2021)
- Qualmark Assessment 2021 – 4.5 stars
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