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Millennium & Copthorne Hotels New Zealand and landlord CDL Hospitality Trusts have renewed the lease agreement for Grand Millennium Auckland.
Major sporting events will help the recovery from later this year, says the operator.
The hotel group is the latest operator to require fully vaccinated guests and workers.
Millennium & Copthorne Hotels said revenue per available room at its NZ assets grew by 8.2% in 2017, helping to drive hotel income up by 11.6% to $105.6m for the year to December.
Millennium & Copthorne Hotels has bought New Plymouth’s The Waterfront Hotel.