New Partnership an exciting new future for Oaks Residences

1 November 2011

New Partnership heralds an exciting new future for Oaks iStay Residences, Auckland, NZ

Oaks Hotels & Resorts announced today a joint venture partnership with New Zealand based VR Group Hotels & Apartments to manage the on-site operations, including sales functions, of Oaks iStay Residences, Auckland.

The property will be re-named Auckland Harbour Oaks and will form part of the 11 strong portfolio of 5 and 4.5 star rated properties VR Group Hotels & Apartments manage in New Zealand. The partnership will take effect from October 31, 2011.

“This agreement represent an excellent synergy between two quality accommodation providers and will enable us to join professional forces offering guests better service, improved facilities and ultimately a more enjoyable stay.” said Oaks Hotels & Resorts Chief Operations Officer, Mike Anderson.

Auckland Harbour Oaks, formerly Oaks iStay Residences, will return to a full service Hotel under the new partnership agreement. A range of studio, one and two bedroom apartments are available and rooms boast some of the best views in Auckland as the city’s tallest hotel tower. The property is located close to the Auckland waterfront, Britomart Transport Centre and popular Viaduct Harbour with vibrant array of café’s, galleries, entertainment and dining attractions.

Oaks Hotels & Resorts is one of Australia’s largest apartment accommodation providers with a portfolio of 38 properties across Australia, New Zealand and the United Arab Emirates.

ENDS

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