Mountainside folly: what now for the Chateau?

Mountainside folly: what now for the Chateau?
A romantic money pit: the Chateau was postcard perfect when it snowed. (Image: NZME)
Pattrick Smellie
Fixing seismic weaknesses and other upgrades at the iconic Chateau Tongariro Hotel would have cost more than $15 million for a hotel that didn't make a profit in 31 out of 32 years to 2017.Releases to BusinessDesk under the Official Information Act show that the Chateau closed in February because the hotel’s operator, Kah New Zealand, could not reach commercially acceptable terms with the building’s ultimate owner, the Department of Conservation, following six years of negotiations for a renewal.Now, the fate of the Category 1 h...

More Editor's Picks

Methane measuring drones honing in on farm emissions
Editor's Picks

Methane measuring drones honing in on farm emissions

MPI is about to roll out an emissions calculator for farmers.

Greg Hurrell 21 Jul 2025
My Net Worth: Paul Sapsford, biotech startup co-CEO
Editor's Picks

My Net Worth: Paul Sapsford, biotech startup co-CEO

'Startups are tough; you have to make some really tough decisions.'

Greg Hurrell 20 Jul 2025
Fail File: Sir Roger Hall, KNZM, QSO, playwright
Editor's Picks

Fail File: Sir Roger Hall, KNZM, QSO, playwright

Given his life all over again, the writer would change nothing. 

Victoria Carter 19 Jul 2025
Why Promisia's promised land is Cromwell
Retail Small Cap Wrap

Why Promisia's promised land is Cromwell

Plus chicken and eggs with BlackPearl, Rua goes for gold in Reefton, and more.