Millennium & Copthorne New Zealand completes Auckland hotel deal

Millennium & Copthorne New Zealand completes Auckland hotel deal

 

SINGAPORE : Millennium & Copthorne Hotels New Zealand said it has completed its purchase of the Copthorne Hotel Auckland Harbourcity.

 

But in a filing to the Singapore Exchange, it said the price of the deal was confidential.

 

Millennium & Copthorne is funding the purchase with cash and a new loan facility.

 

The area around the Copthorne Hotel Auckland Harbourcity is now a focal point for entertainment and access to the Waitemata Harbour.

 

Millennium & Copthorne Hotels and Resorts now has three owned or leased properties in Auckland.

 

It also recently clinched a short-term management agreement for the Metropolis Hotel Auckland. – CNA/ms

 

Source: Channel NewsAsia