Hilton Auckland - SOLD

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Sold for 54,500,000 NZD Date of Sale: September 2012
Rooms: 166
Price Per Room: 328,313 NZD
Property Id : 29207

Exclusively positioned at the end of Princes Wharf, approximately 300 metres out in the picturesque Waitemata Harbour, Hilton Auckland is renowned as New Zealand’s most luxurious five star hotel offering. Overlooking the water from Auckland’s Viaduct Harbour precinct, the landmark hotel is located within the Central Business District (CBD), minutes from the city’s key corporate and leisure demand generators.

Strikingly designed with influences from its nautical surroundings, Hilton Auckland offers 165 contemporary guest rooms including seven suites. The Hotel has established a fine reputation through an exceptional range of guest amenities that include a restaurant and bar, substantial conference facilities, a business centre, fully equipped gymnasium and outdoor heated pool.

Currently undergoing extensive refurbishment is the Hotel’s award winning restaurant which is due to reopen in August with a fresh theme and expanded capacity in time for one of the world’s largest sporting events, the Rugby World Cup 2011.

Since opening in 2001 the Hotel has captured a broad range of market segments including International & Domestic FIT, Corporate, MICE and luxury wholesale. Accordingly the Hotel has consistently achieved amongst the country’s highest occupancy and average daily rates (ADR) to earn the coveted ranking as New Zealand’s top performing hotel. Underpinned by positive market fundamentals and a limited supply of new accommodation in Auckland expected over the medium term, Hilton Auckland offers an incoming owner the opportunity to capitalise on its future earning potential.

Hilton Auckland is offered for sale with the benefit of a long term management agreement with Hilton Hotels & Resorts, an internationally acclaimed leader in hotel operators.

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