Avani Hotels & Resorts has announced the acquisition of the Metro Suites business in Auckland, New Zealand.
In a deal worth over NZD 11 million, Metro Suites currently operates in a luxury 40-storey tower, which will be transformed through a major guestroom refurbishment programme. Upon completion in October 2017, the property will be rebranded as Metropolis Avani Residences, signalling the brand’s debut in New Zealand.
Alejandro Bernabe, Group Director Avani Hotels & Resorts, comments: “We are delighted to reach agreement with the Metropolis body corporate to secure this hotel business in the very strong Auckland hotel market, as well as launch our Avani brand into New Zealand. Metro Suites presented itself as a compelling acquisition opportunity to expand our foothold within the Asia Pacific region, and we look forward to introducing the Avani brand into this market later this year following a significant refurbishment programme.”
Located in Auckland on New Zealand’s North Island, the 370-key property was built in 1999, at a reported NZD 180 million, and occupies a prime CBD position in the ‘City of Sales’ – the country’s largest and most populated city.
The soon-to-be Metropolis Avani Residences is within walking distance to the waterfront precinct and positioned in close proximity to some of Auckland’s most popular cafes, eateries and entertainment venues, including Vector Arena and Sky Tower.
Launched in 2011, Avani blends traditional hospitality and modern lifestyle features with considered design. Each of the property’s one and two bedroom apartments will be transformed as part of the revitalisation programme. Guestrooms will feature spacious living and dining areas, kitchens and laundry facilities, and views over the city skyline, harbour and beyond. Leisure facilities include a 22-metre heated swimming pool, indoor and outdoor spas, a sauna, gym, and steam room.
Avani is part of Minor Hotels, which already has a presence in New Zealand through the Oaks Hotels & Resorts brand where it currently operates two resorts in Queenstown.