Millennium drops Whangārei hotel project due to 'devastating' 2020

Jacques Steenkamp
Tue, 06 Apr 2021

Millennium drops Whangārei hotel project due to 'devastating' 2020
An artist's impression of the MCK hotel that was planned for central Whangārei.
Jacques Steenkamp
Tue, 06 Apr 2021
The Millennium & Copthorne Hotel group (MCK) has scuttled plans to build a 120-bed hotel in central Whangārei due to the tough year the tourism industry experienced in 2020.However, that may soon change thanks to the proposed trans-Tasman bubble between New Zealand and Australia to be announced later today.MCK chair Colin Sim told BusinessDesk he would like to see travel between the two countries resume as quickly as possible. However, he warned that we would still need to remain vigilant of another lockdown.“After all that we have al...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Auckland Airport’s outlook drags down shares
Ella Somers | Thu, 18 Aug 2022

Auckland Airport reported a profit of $191.6 million today and has hopes the next financial year will be more positive than the last two.

Primary Sector
NZ trawling innovation going global
Rebecca Howard | Thu, 18 Aug 2022

Government funding will be used to help commercialise a harvesting system developed through a previous Primary Growth Partnership programme called Precision Seafood Harvesting.

Consent refused for Thiel's luxury lodge
Brent Melville | Thu, 18 Aug 2022

It'll be back to the drawing board for the tech billionaire's NZ team, after their consent application was turned down by hearing commissioners.

In uncertain times, bricks and mortar hold steady

Can real estate provide a hedge against high inflation? Scott McKenzie, CEO of PMG Funds, talks about why tangible assets can be defensive and how PMG’s latest investment offer will help make the fund more resilient.

Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.