A brand new $70 million Auckland CBD hotel has been built, making it one of the biggest Auckland expansion property areas in a long time.
It is the third Ramada property now in Auckland and is said to be complete by late 2018.
Wyndham Hotel Group announced their third “Ramada Suites” complex, based on the corner of 147 Victoria St West and Graham St – which makes it their twelfth property in the whole of New Zealand.
The hotel has 47 rooms in total and sits atop the historic Cambridge clothing factory, the front of which will remain. It is important for them to retain the historic admiration of the site, so knocking down old buildings completely is completely unfavourable.
A nearby developer said that they were working with a conservation architect to “appropriately retain the important historic appeal of the site” – highly important and relevant for tourists and local communities too.
They continued: “Gaining the necessary approvals for our vision required hard work and thorough planning, and we believe the end result will be something that guests will value and the public will see as a respectful and attractive merging of historic and modern Auckland.”
Wyndham Hotel Group president and managing director for South East Asia and the Pacific Rim, Barry Robinson, believes that Auckland in New Zealand has serious potential now, in a positive light, and will only continue to see strong growth. This is mainly due to rising developments in the area and future projections, thanks to an increase in visitors to the country.
Emerging needs are coming from all angles, which is why developers, investors and general buyers need to be prepared for the housing market changes. Driven interest is evident, so it’s important that people are prepared and ready to accept changes and flexibility within the real estate market.
New Zealand appears to be a prime focus for a lot of developers and investors who are ready to meet growing demand and expectations. Strong partnerships are very useful for businesses too, where negotiations can be made to enhance business endeavours.
Auckland expansion is a big topic on the property horizon at the moment and this property news comes as no surprise. It is a prestigious country in all its culture and diversity with an abundance of heritage that originates from traditionalism. This makes New Zealand and all of their wonderful cities admirable, and even more worthy of property investment.
Written by Gemma Smith