Hospitality group, Avani Hotels & Resorts has announced the acquisition of Metro Suites business in Auckland.

In a deal worth over NZD 11 million, the Metro Suites business currently operates in a 40-storey tower that will be transformed through a major room refurbishment programme.

Upon completion in October 2017, the property will be rebranded as Metropolis AVANI Residences, signalling the AVANI brand’s debut in New Zealand.

Alejandro Bernabe, group director AVANI Hotels & Resorts, said: “We are delighted to reach agreement with the Metropolis body corporate to secure this hotel business in the very strong Auckland hotel market, as well as launch our AVANI brand into New Zealand.

“Metro Suites presented itself as a compelling acquisition opportunity to expand our foothold within the Asia Pacific region, and we look forward to introducing the AVANI brand into this market later this year following a significant refurbishment programme.”

The soon-to-be Metropolis AVANI Residences is within easy walking distance to the waterfront precinct and positioned in close proximity to some of Auckland’s most popular cafes, eateries and entertainment venues, including Vector Arena and Sky Tower.

Each of the property’s one and two bedroom apartments will be renovated as part of the revitalisation programme. Rooms will feature spacious living and dining areas, well-equipped kitchens and laundry facilities, and will offer views over the city skyline, harbour and beyond.

Leisure facilities include a 22-metre heated swimming pool, indoor and outdoor spas, a sauna, gymnasium with male and female facilities, and steam room.