Hotel development in danger of halting with 150% council rates increases
Some $3 million could be wiped off the value of a typical 150-room establishment – Dean Humphries
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Several hotel feasibility studies and projects in Auckland are likely to be scrapped if the council imposes rates increases of 150%-plus on the accommodation sector to fund Ateed.
Colliers International hotels and tourism director Dean Humphries says he had major developers contacting him
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Sally Lindsay
Wed, 22 Feb 2017
Wed, 22 Feb 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Hotel development in danger of halting with 150% council rates increases
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