Chinese developers to construct $20 million hotel on Dominion Road

Published on : Monday, April 3, 2017

Luxury hotel to AucklandDominion Road is getting all geared up to welcome a brand new hotel project worth over $20 million, as declared by the Auckland Council.


The Council has confirmed that a 60-room hotel would be created at 409 Dominion Road thanks to some Chinese developers. Ben Yakun Tsai who is the project managing director said that this $20 million boutique hotel would be five-star and would come up at the corner of Dominion Road and Elizabeth Street.


The hotel is going to possess two retail outlets that would face the main road, a courtyard, a function room and also a few rooms with baths overlooking the spectacular views of the Sky Tower and Eden Park. Tsai said that they would call it the Hotel One since it has a name that is really easy to remember in any language.


He added that the remaining funds were raised majorly from Chinese investors who shared the view that the place would actually be an ideal spot for tourists.


Tsai mentioned that they have received some fascinating reviews from Chinese visitors. They have expressed that they are fond of almost everything about New Zealand except the food. But then, he went on to state that the regional restaurants does offer some delicious food and are also open quite late, until 3 a.m., and this is generally the time the Chinese are mostly familiar with.


The rooms would cost around $200 per night and would cater mainly to Asian and Chinese guests.


But then, since this hotel would have a proximity to Eden Park, it is likely to draw local tourists, fans, Australians and other independent travellers. Tsai said that they have aimed to commence the construction work in August 2017 so that it is ready for the celebrations of the Chinese New Year holidays in February next year.


Jiayao Capital Investment Limited said that the resource consent had lodged on 23rd March, 2017.


Joanna Glasswell, the spokeswoman of Auckland Council stated that currently, the application is being processed and no decisions have been made at this particular stage.


This is going to be the very first hotel of this size to be constructed in this locality.


A council study of 2015 indicated that more than six in 10 businesses on the street were owned by Chinese and even operated by the Chinese. On the other hand, nearly 13% were operated and owned by Pakeha, 11% by Asian, 9% India  and 6% others.


Dr. Amdrew Zhu. Director of Trace Research said that hotel accommodation in the area might also meet the requirements of the international students who require short-term stay. But then, Zhu feels that the high-end tourists would continue hunting for hotels in better locations including the ones in internationally recognized locales.




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