Tauranga City Council has today revealed that a new process to bring a hotel and conference development to Tauranga has been initiated The new hotel is to be built on vacant council-owned land opposite Baycourt in Durham St.
An existing conditional agreement lapsed in August due to the buyer being unable to secure funds.
Since then Tauranga City Council staff and Priority One have been discussing the opportunity with parties who had previously shown an interest in the site.
Mayor Stuart Crosby and Councillors have asked that any proposal be for a (minimum) four star hotel with conference and associated facilities at 21-41 Durham St.
Only registrations of interest from those who can clearly demonstrate they have the ability to raise funds, have balance sheet strength and who possess the necessary development experience and capability are being considered, a Council spokesperson sai.
The opportunity for development on the site will be advertised widely so that any new parties, as well as existing interested parties, can apply.
The City Centre Taskforce will continue to oversee this project and the Project Manager will provide a monthly update to elected members on progress.
It is anticipated that the appointment of a single entity to enter the due diligence phase will be decided in November by the Council.