SUPPLIED
Millennium & Copthorne has announced it is dropping a proposed multi-million hotel development in Whangārei because the tourism landscape has “changed beyond measure”.
Large hotel chain Millennium & Copthorne has announced it is canning plans to build a 70-80 bed, four-star hotel in Whangārei as the Government is about to announce a travel bubble with Australia. Millennium & Copthorne managing director BK Chiu said the tourism and accommodation landscape had “changed beyond measure” since it had entered into a conditional agreement to buy land in the Whangārei CBD from the Whangārei District Council. “We are disappointed that we are not able to proceed with the proposed development but the landscape for tourism and accommodation has changed beyond measure since the agreement for the land was entered into in 2019”, Chiu said.
SUPPLIED
Millennium & Copthorne has announced it is dropping a proposed multi-million hotel development in Whangarei because the tourism landscape has “changed beyond measure”.
Large hotel chain Millennium & Copthorne has announced it is canning plans to build a 70-80 bed, four-star hotel in Whangarei as the Government is about to announce a travel bubble with Australia. Millennium & Copthorne managing director BK Chiu said the tourism and accommodation landscape had “changed beyond measure” since it had entered into a conditional agreement to buy land in the Whangarei CBD from the Whangarei District Council. “We are disappointed that we are not able to proceed with the proposed development but the landscape for tourism and accommodation has changed beyond measure since the agreement for the land was entered into in 2019”, Chiu said.
Market close: Travel stocks surge on transtasman bubble announcement
6 Apr, 2021 05:38 AM
4 minutes to read
Stocks benefiting from the introduction of a transtasman travel bubble rose sharply. Photo / Getty Images
NZ Herald
By: Graham Skellern
Further selling in Contact Energy and Meridian on the New Zealand sharemarket outweighed sharp gains in stocks benefiting from the introduction of a transtasman travel bubble. There was heavy trading in the leading energy renewable stocks as the offshore exchange trade funds rebalance their weightings in the S&P Global Clean Energy Index.
This resulted in the S&P/NZX 50 Index falling 87.82 points or 0.7 per cent to 12,400.48 on volume of 97.6 million share transactions worth $207.54 million. There were 74 gainers and 63 decliners over the whole market.
Tararua sweeps top two prizes at HB Wairarapa Dairy Awards
4 Apr, 2021 05:00 PM
7 minutes to read
The section winners: From left, Tony Craig (Trainee of the Year), Manoj Kumar and Sumit Kamboj (Share Farmers of the Year) Leon McDonald (Dairy Manager of the Year).
The section winners: From left, Tony Craig (Trainee of the Year), Manoj Kumar and Sumit Kamboj (Share Farmers of the Year) Leon McDonald (Dairy Manager of the Year).
Bush Telegraph
By: Dave Murdoch
At a glittering ceremony in the Copthorne Hotel in Masterton Manoj Kumar and Sumit Kamboj from Eketāhuna were named the 2021 Hawke s Bay/Wairarapa Share Farmers of the Year at the region s annual awards the previous Thursday night.
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