An international hotel giant plans to open a $100 million, 290-room hotel in Auckland’s CBD by the middle of 2010.
Paul Richardson, vice-president of Accor for New Zealand and Fiji, said yesterday a new five-star Pullman hotel would be built near the city’s waterfront.
The hotel will be aimed at the corporate and meetings market and is [...]

Apartment rents need to jump sharply or sales prices must plummet further before the market reaches a balance, says Dick Ayres, convener of the Auckland CBD Apartment Investment Group.
He said rents needed to rise before savvy investors could justify some of the prices being demanded by vendors.
Ayres was responding to an article in yesterday’s Business [...]

Starwood Hotels & Resorts Worldwide and Peninsula Road Limited, a subsidiary of Melview Developments, said today it planned to build a 177-room Westin hotel near Queenstown.
The Westin Queenstown will open in 2009. The chain has hotels in Auckland Melbourne, Sydney and Denarau Island, Fiji.
The hotel will be “upper upscale, not quite in the luxury [...]

SkyCity Entertainment’s plan to build a tropical resort beside its Darwin casino is progressing, with the NZX-listed company named top bidder for the prime site.
The undeveloped 5400sq m site, known as Little Mindil, is owned by the Northern Territory Government.
The company said yesterday that it was the preferred tenderer and further negotiations with the [...]

Radius has added the Distinctive Travel Management Limited of New Zealand to its worldwide network of travel management companies. Auckland based Distinctive Travel Management, which was founded in 1991 and formerly traded as Rosenbluth International and GET as a founding partner of the Global Experts in Travel network, is recognized as one of [...]