YTL Hotels & Properties Sdn Bhd (“YTL Hotels”), the hospitality arm of Malaysia-based YTL Corporation Berhad (“YTL Group”), has acquired the 225-key Hotel Indigo Auckland from New Zealand-based Ninety Four Feet for NZD160 million. This translates to approximately NZD711,000 per key. This marks YTL Hotels’ first hotel investment in New Zealand and represents the country’s second-largest hotel transaction in 2025. YTL Hotels has signed a 25-year management agreement with UK-based InterContinental Hotels Group PLC (“IHG”) to operate the hotel. The hotel occupies 27 floors within a newly built 41-storey mixed-use tower, offering amenities such as an on-site restaurant, fitness centre, and car parking. Strategically located along Albert Street in Auckland’s Midtown precinct, the property is an eight-minute walk from both Waitematā Station and the upcoming Aotea Station, providing strong accessibility and positioning within the city’s central business district.
