Multi-million-dollar renovations for Nesuto Auckland Stadium are officially underway.
The renovations on the property, which is close to Britomart, Princess Wharf and the Auckland waterfront, are set to increase inventory by almost 50 per cent by January 2020.
The property upgrade will transform 72 two-bedroom apartments into 144 hotel rooms, and will bring the total number of keys at Nesuto Stadium Apartment Hotel Auckland to 244.
The total value of the upgrade, which is currently underway and executed in partnership with owner Mulpha, is in excess of NZ$12.5 million ($11.6 million). The project, managed by Cequent and built by Waide Construction, will be finished by January 2020.
“We are delighted with the feedback to date we have received on our brand in New Zealand,” Mark Ronfeldt, CEO of Nesuto Daiwa Living Group, said in a statement.
“Feedback tells us our guests embrace the Nesuto concept, and this is a reflection particularly on our team that are empowered to represent the brand.”
According to a report by New Zealand’s Ministry of Business, Innovation & Employment, the country is forecast to welcome 5.1 million international visitors by 2024, while international spend is forecast to reach NZ$14.8 billion ($13.85 billion).
Greg Shaw, CEO of Mulpha International, said: “Auckland continues to grow as the major corporate, events and tourism destination in New Zealand.
“Mulpha is excited by the opportunity to support this growth through a substantial upgrade and expansion of Nesuto Auckand Stadium, which is centrally located to Spark Arena, the Auckland CBD and other major Auckland tourist attractions.”