By Gary Farrow, Waikato Times
Hamilton Airport, owned by Waikato Regional Airport Limited, has amalgamated with Hamilton Airport Hotel and Conference Centre.
All of the hotel’s buildings, the conference business and the ground lease will all now be owned by Hamilton Airport.
The regional airport is owned by Hamilton City Council, and Otorohanga, Waipa, Waikato and Matamata-Piako district councils.
It currently includes subsidiary companies Hamilton Airport, Hamilton and Waikato Tourism and Titanium Park.
The current operators, Hamilton Airport Hotel, will lease back and continue to operate the facilities until at least January 2019, which is 12 months from the date of purchase.
“Ownership of the hotel provides an opportunity to further develop and enhance the range of services offered within the airport precinct,” Hamilton Airport chairman John Spencer said.
The company made the purchase on the basis it wanted to grow its revenue sources outside of the operation of the airport terminal and services itself.
Hamilton and Waikato Tourism has its headquarters adjacent to the terminal building.
Ongoing demand for accommodation and conference facilities is the reasoning behind the airport’s purchase of the hotel.
The Ministry of Business Innovation and Employment recently estimated Hamilton and Waikato to have seen $1.456m of tourist expenditure for the year to October 2017 – an increase of 6 per cent on the previous year.
“With a number of new businesses in the area and record numbers attending events such as Equidays and Fieldays at nearby Mystery Creek Events Centre, demand for accommodation near the airport has grown,” Spencer said.
To add to conference facility capacity, the airport has also recently included five new spaces for meetings within the terminal building.
“Our new facilities have already proven popular to businesses who regularly utilise the airport,” Spencer said.
“They will complement the existing facilities already at the Airport Hotel and Conference Centre.”