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$16 MILLION QUEENSTOWN HOTEL PLANS

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June, 2019

SkyCitys made a $16 million Queenstown property play in a bid to house
high-rollers.
The giant casino/hotel company has received Overseas Investment
Office approval to buy the resorts largest undeveloped lakefront block.
It plans building a five-star hotel at 633 Frankton Road, but is keeping
its cards close to its chest on including an in-house casino.
The news comes a day after voting closed on the districts non-binding
public referendum on a five per cent visitor levy, with an announcement
on the result due very soon.
Local SkyCity boss Jono Browne says an international-class hotel will fill
a gap in the market for five-star accommodation.
Its also an advantage that were able to accommodate our own
customers its something we cant do at the moment.
SkyCity has two Queenstown CBD casinos, one on Beach Street that has
a high-rollers room and the smaller Wharf Casino.
Asked if SkyCity would like to relocate one of them to its new hotel,
Browne says thats not on the table.
It requires a change of legislation, and currently its not possible.
The local office of Warren & Mahoney is designing the 100-plus room
hotel after winning an architectural competition.
Formerly the Alpine Village hotel, the propertys currently used for
workers accommodation.
SkyCity needed OIO approval because it has a proportion of overseas
shareholders.
Source: Mountain Scene