Construction of a $200 million five star luxury hotel on Auckland’s waterfront will commence, after Prime Minister John Key recently turned the sod at an onsite ceremony where he was joined by Beijing based property developers Fu Wah International Group, whose $200 million investment in the project represents one of the largest foreign investments in New Zealand’s tourism infrastructure. Local Maori blessed the sod and placed it into a waka huia which was presented to Madam Chan Laiwa, Fu Wah founder, followed by a traditional Chinese blessing.
The 195 room hotel is to be managed by the world renowned Hyatt Group and will complement Wynyard Quarter’s award winning buildings and public spaces, plus deliver significant economic benefits for the CBD and wider region.
The site, with some of the best views of Waitemata Harbour and Auckland City, has been home for New Zealand’s America’s Cup sailing team, Emirates Team New Zealand and the design of Park Hyatt Auckland incorporates the retention of public waterfront access. A further $2.5 million will be spent by Fu Wah to go towards a public promenade, walkway and art display in the area surrounding the hotel.
This will be the first Park Hyatt hotel in New Zealand, and one of only 37 world wide. Fu Wah also recently acquired the Park Hyatt Melbourne.
Hyatt Group President Asia Pacific, Mr David Udell said “Park Hyatt Auckland will be a landmark hotel, delivering a new level of luxury and sophistication to our guests. These elements are increasingly being sought by a growing number of discerning and affluent business and leisure travellers visiting this beautiful harbour city. The growing inbound tourist sector together with New Zealand’s reputation of being one of the best places in the world to do business made Auckland the ideal location for our newest Park Hyatt.”
Designed by Singaporean headquartered AR+D Studio principal Ali Reda and local award winning firm Bossley Architects, with interior design by Conran + Partners, the project will be a joint venture between Chinese and New Zealand based construction companies.
New Zealand based Fu Wah General Manager, Richard Aitken said the hotel is expected to be a drawcard for local and international tourists, as well as Aucklanders. “The hotel will complement the other restaurants in the area and reflect the diversity of both local and international visitors,” said Aitken.
Fu Wah’s investment in New Zealand comes as the company looks to expand its growth outside China.