"There is no risk to any guests or staff at the hotel."
All areas of the up-market hotel, which often hosts VIP visitors to New Zealand, continued to operate as normal.
"We are complying with all health and safety requirements and will continue to monitor the situation."
According to a 2016 statement on the government's Worksafe website, asbestos was New Zealand's number one killer in the workplace with some 170 people dying each year from asbestos-related diseases.
Due to its strength, durability and resistance to fire and water, asbestos was widely used in building products and materials until the 1990s.
Regulations were changed last year to protect as many people as possible from exposure to asbestos fibres.
According to the website of New Zealand asbestos removal company Asbestos Solutions, bonded asbestos, as opposed to the more fragile "friable asbestos", contains asbestos fibres "that are bound within the matrix of the material it's contained within".
"Bonded asbestos is more difficult to damage and cause the release of fibres by hand and includes materials such as asbestos cement sheeting.
"However, bonded asbestos containing materials that have been subjected to weathering, physical damage, water damage, fire or other conditions may contain exposed fibres which could be released upon disturbance."