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Auckland Airport hotel mooted

By Phil Boeyen, ShareChat Business News Editor

Thursday 14th March 2002

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Auckland International Airport (NZSE: AIA) and Sky City Entertainment Group (NZSE: SKC) are considering a joint venture to build a hotel on airport land.

The two companies have announced plans for a feasibility study into the proposal, claiming that while most major international airports have one or more hotels on site, no such facility currently exists at Auckland.

"Intuitively, a hotel would appear to be a logical extension to the facilities that are currently offered at the airport," says AIA boss John Goulter.

"This feasibility study represents an important part of AIAL's strategy to maintain its position as one of the world's premier gateways for tourists and international travellers."

Sky City CEO Evan Davies says the feasibility study represents a possible opportunity for the company to expand its entertainment and hospitality operations in a highly strategic location.

The study is likely to take around three months to complete.

Sky City recently put forward a tender for a $60 million conference centre in downtown Auckland to be partly funded by Auckland City Council.

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