Premium Auckland CBD Hotel-Apartment investment opportunity hits the market
Auckland Parkside Hotel & Apartments represents a compelling investment opportunity for investors seeking a premium, well-established hospitality asset.
A prime Auckland hospitality asset has been listed for sale, with JLL Hotels & Hospitality announcing the exclusive campaign for the Auckland Parkside Hotel & Apartments, a premium apartment-style hotel overlooking Myers Park in the heart of the CBD.
Situated on Grey’s Avenue, the property combines large-scale accommodation with extensive conference and event facilities, secure parking, and an on-site restaurant, offering a diverse range of income streams.
Read the latest edition of AccomNews HERE
“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 accommodation, large-scale conferences and events, secure parking, and a restaurant with private bar, providing income diversification and reduced operational risk.”
Premium location and strong fundamentals
The hotel comprises 170 apartments, with 98 currently available for acquisition, and this number expected to increase to around 100 as additional owners consider divestment opportunities during the campaign.
Parkside’s apartment-style suites cater to both corporate and leisure travellers, featuring deluxe studios, family suites, spa suites, executive rooms, and penthouses. Leisure amenities include a fitness centre with park views, outdoor heated swimming pool, and hot tub.
Purpose-built, naturally lit conference and event spaces accommodate groups from 10-person boardrooms to 150-person theatre-style settings, while the 80-seat restaurant with an outdoor courtyard offers further potential through guest dining, local patronage, and corporate functions.
Located within walking distance of Auckland’s key business, retail, and entertainment precincts, Parkside maintains excellent connectivity to Auckland International Airport (approximately 25km away) and is just 300 metres from the nearest rail link station.
A sector showing resilience
JLL’s Thompson said Auckland’s accommodation market remains robust, supported by both domestic and international demand.
“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 per cent 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.”
Sale details
The Auckland Parkside Hotel & Apartments is being offered for sale via Expression of Interest. The property is currently operated by Capstone Hotel Management however vacant possession is available upon sale, providing operational flexibility for incoming purchasers.
For enquiries and further information, contact: Nick Thompson: [email protected]
More news from Auckland in AccomNews HERE
