Rotorua Lakefront hotel plan moves ahead with iwi–developer deal
A new landmark hotel on Rotorua’s Lakefront is a significant step closer to reality with iwi landowners signing a deal with a developer.
Pukeroa Lakefront Holdings Limited has signed a Memorandum of Understanding with New Zealand developer Templeton Group to build a hotel on its vacant Lakefront land on the corner of Fenton and Whakaue streets.
Pukeroa chairman David Tapsell said the milestone marked real progress for a kaupapa that had long been part of their vision for the Rotorua Lakefront.
“A flagship hotel has always been central to our plans for this area, particularly as part of a premium tourism and wellness precinct on the shores of Lake Rotorua.”
Pukeroa also owns a neighbouring tourism operation, Wai Ariki Hot Springs and Spa.
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