Sunday , May 27 2018

Demand drives plan for multi million dollar Auckland hotel

Auckland will have a new 63-room hotel by 2020 in answer to a growing demand for quality accommodation in the city.

The Wyndham Hotel Group has announced plans for its new Ramada Hotel and Suites Newmarket, the group’s ninth property in New Zealand and one of 850 Ramada hotels in 64 countries.

The $22 million project is part of a $100 million mixed-use development to be built in partnership with developer Safari Group.

Ramada Newmarket will feature hotel units, studio units and one and two-bedroom apartments, along with 81 sqm of meeting space.

Spokesperson Barry Robinson said the company was responding to higher-than-expected tourism growth.

“The surge in demand for hotel rooms throughout New Zealand makes the country a key focus area for growth, and we’re intent on strengthening our already-extensive presence in Auckland,” he said.

Situated at 39-43 Gillies Avenue in Auckland, the 63-room Ramada Newmarket will be an eight-minute drive from the CBD and located near the Auckland War Memorial, the Southern Motorway and Westfield Newmarket. data shows Auckland prices averaged $213 a night in 2017, up eight percent on the previous year.

During the past three years, prices in Auckland have increased by 27 per cent as demand from tourists outstrips the capacity of accommodation houses to cater for them.

Hotel occupancies in Auckland averaged 87 per cent for the year ending June 2017.

Construction is expected to begin late this year, with completion scheduled for 2020.

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