Millennium & Copthorne Hotels New Zealand said it has completed its purchase of the Copthorne Hotel Auckland Harbourcity.
But in a filing to the Singapore Exchange, it said the price of the deal was confidential.
Millennium & Copthorne is funding the purchase with cash and a new loan facility.
The area around the Copthorne Hotel Auckland Harbourcity is now a focal point for entertainment and access to the Waitemata Harbour.
Millennium & Copthorne Hotels and Resorts now has three owned or leased properties in Auckland.
It also recently clinched a short-term management agreement for the Metropolis Hotel Auckland. – CNA/ms
Source : Channel NewsAsia – 30 Jun 2008