M&C buys New Plymouth’s The Waterfront Hotel

The Waterfront Hotel in New Plymouth is to be rebranded the Millennium Hotel New Plymouth, Waterfront.

Millennium & Copthorne Hotels has bought New Plymouth’s popular The Waterfront Hotel.

The 42-room hotel, located across the road from the city’s coastal cycle way and seashore at 1 Egmont Street, is to be rebranded the Millennium Hotel New Plymouth, Waterfront.

The purchase price was undisclosed but the hotel was listed by owners Neil and Susan Drough on Trade Me in January 2016 for $12.9m. That listing said the hotel had hosted guests including politicians, prime ministers, comedian Billy Connolly, band Fleetwood Mac and Sir Cliff Richard.

Millennium’s managing director, BK Chiu, said the aquisition would “further facilitate new opportunities for our global guests from both leisure and business travel sectors”.

“Millennium Hotels is excited about the growth of New Plymouth from an international visitor perspective and we are looking forward to working with our tourism and international marketing partners to promote the town and Taranaki region – a region of unique tourist experiences.” said Chiu.

“We are very pleased to bring this iconic New Plymouth hotel under the Millennium brand and look forward to the continued support from the Taranaki locals and wider community”.

Built in 2003, the three-level hotel is Grade A seismically rated and comprises boutique-style hotel accommodation including 39 hotel suites, two penthouse apartments and one executive apartment on a 1,149metre squared site.

The hotel also contains a conference facility and the award-winning Salt Restaurant.

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