CDL Hospitality Trusts renews lease for Grand Millennium Auckland


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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