InterContinental Hotels Group to open luxury flagship hotel at Commercial Bay.
16 August 2018
Precinct Properties has today announced a $298 million development at One Queen Street (currently HSBC House), comprising a luxury hotel, with premium office accommodation above and a variety of unique food and beverage options including a roof-top bar, positioned in an unrivalled location on Auckland’s waterfront.
The new flagship hotel, InterContinental Auckland, managed and operated by InterContinental Hotels Group (IHG), will occupy 11 levels of the building and provide a total of 244 guest rooms and suites, together with a restaurant, meeting suites, health club and club lounge facilities.
One Queen will complement the $1 billion Commercial Bay lifestyle district, which boasts the largest concentration of high quality retail and food and beverage offering in the city and the striking new PwC Tower, a 39-level office tower with 39,000m2 of premium office space.
The world-class waterfront development is destined to become Auckland’s newest, shopping, dining and social hub, offering a variety of food and beverage outlets that are perfectly complemented by the InterContinental Auckland’s luxury dining experience.
Scott Pritchard, Precinct’s CEO said, “The launch of One Queen is further evidence of Precinct’s role in creating a world class waterfront destination on par with other global cities. Securing InterContinental, one of the world’s most recognised luxury hotel brands, reflects the high demand from operators for this unparalleled waterfront location.
“The mixed-use development of One Queen Street will significantly enhance Commercial Bay for retail, business and visitors alike. To have such a large area operating seamlessly under single ownership and management provides a unique opportunity to generate strong synergies between the uses. We believe this offering will further support the Commercial Bay retail precinct, particularly food and beverage, as it will attract a new type of customer.”
Abhijay Sandilya, IHG’s Senior Director of Development – Australasia said, “We are very excited to bring a taste of the InterContinental Life to Auckland. Being part of such an iconic precinct ensures the hotel, food & beverage, retail and commercial components form a symbiotic relationship. Together with Precinct Properties, we will deliver a distinctive product that inspires those travellers who are looking for the InterContinental understated luxury, both in the leisure and corporate space.”
Designed by local architects Warren and Mahoney with interiors in collaboration with New York based design firm AvroKO. In addition to the InterContinental Auckland One Queen Street, will encompass 8,700 square metres of commercial space across 7 levels. Overall the building is 75 percent is pre-committed including a signed heads of agreement* across 3,700m2 of office premises.
LT McGuinness has been appointed as the main contractor for the transformational development, with a proven record of delivering projects on time and to the highest standard. Construction is scheduled to commence in 2020 with completion in 2022.
“The addition of the InterContinental Auckland further solidifies Commercial Bay as a truly mixed-use precinct, and we’re very proud to partner with IHG to bring this flagship property to life,” Pritchard concluded.
*Signed Heads of Agreement records all commercial terms agreed subject to negotiation and execution of binding documentation.
One Queen Street, Western Perspective
"We are very excited to bring a taste of the InterContinental Life to Auckland. Being part of such an iconic precinct ensures the hotel, food & beverage, retail and commercial components form a symbiotic relationship. Together with Precinct Properties, we will deliver a distinctive product that inspires those travellers who are looking for the InterContinental understated luxury, both in the leisure and corporate space."
IHG’s Senior Director of Development – Australasia