tcook052
Dec 17, 06, 5:14 pm
http://www.nzherald.co.nz/category/story.cfm?c_id=97&objectid=10415814
Auckland International Airport plans to develop a hotel within 12 months, as it increases non-aeronautical revenue to help pay for new runways and terminals.
The airport has set aside 180ha for developments including an expanded business park. The company expects to develop a four-or five-star hotel close to its international terminal and a lower-rated hotel nearby.
"We get strong cashflows out of our non-aeronautical business activities and that certainly helps us fund our aeronautical investment," said chief executive officer Don Huse.
"I would be pretty confident within the next 12 months we should have a hotel proposition lined up."
Auckland International Airport plans to develop a hotel within 12 months, as it increases non-aeronautical revenue to help pay for new runways and terminals.
The airport has set aside 180ha for developments including an expanded business park. The company expects to develop a four-or five-star hotel close to its international terminal and a lower-rated hotel nearby.
"We get strong cashflows out of our non-aeronautical business activities and that certainly helps us fund our aeronautical investment," said chief executive officer Don Huse.
"I would be pretty confident within the next 12 months we should have a hotel proposition lined up."