Auckland International Airport Ltd is developing a 125 room two-star hotel, which it will own.
The Formule 1 Hotel will be operated by Accor Hospitality and will be completed in time for the Rugby World Cup 2011.
"With a Formule 1 and a Novotel in our Auckland Airport accommodation portfolio, both run by a world-class operator in Accor, we will soon be able to meet two very different market segment needs," the company said.
