$200m Luxury Waterfront New Zealand Hotel Gets Go Ahead

Work on a $200 million luxury hotel on Auckland's waterfront will start next year after the project was granted resource consent this week.

Auckland Council's Panuku Development Auckland branch made the announcement this morning. The building will be one of the largest Chinese investments in New Zealand infrastructure.

The hotel - to be referred to as the Park Hyatt Auckland - will be managed by the world-renowned Hyatt Group and will be built with the help of the Fu Wah International Group, which announced its plans for the hotel in November.

The group will invest around $200 million in the project, with $2.5 million going to the development of a new space for the public immediately around the hotel, which will be located at Wynyard Quarter.

The building will bring an element of extravagance to the area, standing at seven storeys high.

It will have 195 rooms, a ballroom, entertainment facilities, health centre and day spa and will have a total floor area of 29,000sq m.

Prime Minister and Minister for Tourism John Key yesterday praised the new hotel, saying that it would provide a huge boost for local tourism.

The hotel will open in 2017.

Source- NZ Herald