Full building will be comprised of 24 stories. The hotel is from level 8 to level 11 with 88 rooms where level 8 has swimming pool and roof top garden as part of the hotel. There are around 200 other apartments in the building with penthouse floors are form level 20-24.
The hotel return on investment on projection plan is 8% plus 3.5% on capital gain per year.
Some of the key features of the building are:
This is most luxuries hotel in north of Auckland.
Upmarket restaurant and bar
20m lap pool
Spa centre
Concierge
Valet parking
In-house cinema
Roof top garden
Helipad on top floor
Currently the developer is looking for following: Sell the hotel part to a prospect hotel management company There is a possibility for hotel operator to get the full naming rights of the building Hotel operator can choose to modify the hotel floor plans to suit their needs. Developer will provide support in this process As per current floor plan, hotel room sizes are from 45 to 85 sqm Hotel operator will also be the building manager for residential apartments offering 5 star hotel service to permanent residents such as spa, valet parking and so on Currently, building is free of any hotel management agreements 200 residential apartments are also available for sale in the building to individual prospective buyers Expected completion of project is Q4, 2021