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