PHOTO: CHRISTOPHER MICHEL SkyCity has purchased just over a hectare of land at 633 Frankton Road, Queenstown, for $16m for a five-star hotel.
SkyCity is paying $16 million for a big site in Queenstown for a new five-star hotel.
The Overseas Investment Office has approved SkyCity’s purchase of 1.015 hectares of land at 633 Frankton Road, Queenstown from Passion Cove.
That company’s directors and shareholders include Queenstown real estate agent Kelvin Collins and businessman Bob Perriam.
The land is about half way between the tourist town and Queenstown airport at Frankton.
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