Taupo hotel project takes off

Monday 6 September 2004

The second stage of development at one of Taupo's principal hotels is about to start.

By The Landlord

Construction is expected to begin early next month, once resource consent is granted, on 40 managed apartments behind the historic Terraces Hotel on the Napier-Taupo Road.

The apartment complex is the second stage of a long-term project to develop the eight-hectare site by owners Terraces Hotel and Resort, a consortium of five Taupo and Auckland investors.

The first stage, completed three months ago, saw the 115-year-old hotel undergo extensive refurbishment at a cost of $3.5 million.


Read More - Opens in a new window
Commenting is closed

Property News

Covid be damned – the market is booming

Those who were anticipating a Covid-prompted housing market collapse got it wrong with the latest REINZ data revealing strong growth in prices and sales.

House Prices

High demand keeps pushing prices up

Treasury might be expecting house prices to fall - but market data suggests otherwise, with Trade Me Property’s August data the latest to show rising prices and high demand.

Mortgages

Borrowing boom in July – before second lockdown

Home lending soared to $6.5 billion in July during New Zealand's Covid-free period, reaching its highest level since November last year.

Site by PHP Developer