Hamilton riverside sky-scraper plans hit crunch point

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Both the developer behind grandiose hotel plans and Hamilton City Council say they expect ‘positive’ progress as they prepare for crunch talks this week.

On Thursday, Auckland-based Templeton Group is due to update city leaders on its plans to build a 25-storey luxury hotel complex, which have been in the works since the council entered an unconditional agreement to sell Templeton Group land and property at Victoria Street in April, 2025.

The properties at 242 – 254 Victoria Street cost the council $3.75m in 2018.

Under terms of the land deal, HCC will sell these properties to Templeton Group for $6m, plus a share in the development profits.

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