JLL Hotels & Hospitality is pleased to announce the exclusive sale of Auckland Parkside Hotel & Apartments.
The asset presents a premium apartment-style hotel with a prime Greys Avenue location offering sweeping views over Myers Park in Auckland's central business district.
"Auckland Parkside Hotel & Apartments represents a compelling investment opportunity for investors seeking a premium, well-established hospitality asset with prime positioning and strong operational fundamentals," said Nick Thompson, Executive Vice President of JLL Hotels & Hospitality.
"This property offers multiple revenue sources including guest accommodations, large-scale conferences and events, secure parking, and restaurant with private bar, providing income diversification and reduced operational risk.”
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Auckland Parkside Hotel & Apartments comprises 170 apartments, with 98 currently available for acquisition. This number is anticipated to increase to 100 throughout the marketing campaign as additional owners consider divestment opportunities.
Parkside's apartment-style suites provide guests with spacious accommodation across various room types including deluxe studios, family suites, spa suites, executive rooms, and penthouses. Leisure amenities feature a fitness centre with park views, an outdoor heated swimming pool, and hot tub.
Catering to both corporate and leisure travellers, Auckland Parkside Hotel & Apartments features purpose-built, naturally lit conference and event spaces with capacity ranging from intimate 10-person boardroom settings to 150-person theatre-style setups.
An on-site restaurant with seating for 80 guests plus outdoor courtyard space presents additional revenue opportunities through hotel guest services, local restaurant operations, and corporate conferencing, along with income from secure on-site car parking.
The property provides guests with convenient access to Auckland's key business, retail, and entertainment precincts, while maintaining excellent connectivity to Auckland International Airport, approximately 25km away. Public transport with a rail link station is just 300 metres away.
“Auckland's accommodation sector continues to show resilience, with 7.41 million guest nights in the year ending March 2025 and 2.25 million international arrivals, projected to reach 3.69 million by March 2029. As New Zealand's primary gateway, capturing 75% of all international arrivals, the city's hotels are performing well across key metrics.”
"Given Parkside’s’ dual market appeal across both corporate and leisure segments in New Zealand's largest commercial market, combined with vacant possession available on sale, we anticipate strong interest in the asset,” Thompson concluded.
Auckland Parkside Hotel & Apartments is being offered for sale via expression of interest. The hotel is currently operated by Capstone Hotel Management; however, vacant possession is available if required on sale, providing purchasers with operational flexibility.
- Supplied by JLL
