CDL Hospitality Trusts (CDLHT) has renewed the deed of lease for its property in New Zealand, Grand Millennium Auckland.

The lease was renewed with Hospitality Services Limited, a wholly-owned subsidiary of Millennium & Copthorne Hotels New Zealand Limited.

Grand Millennium Auckland is the largest hotel in New Zealand, with 452 rooms.

Meanwhile, CDLHT is a stapled security comprising CDL Hospitality REIT, and CDL Hospitality Business Trust.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.