TWO HOTELS OFFERED

Press, Volume CXII, Issue 32838, 11 February 1972, Page 1

TWO HOTELS OFFERED

The Federal and Market Hotels, in Colombo Street, facing Victoria Square, will be offered for sale by public auction next month. The proprietor of the two hotels Mr P. C. Mangos, confirmed this yesterday.

The hotels occupy a valuable site of 84 perches with a frontage of 133 ft on Colombo Street looking over Victoria Square to the Town Hall. The site also includes access to Oxford Terrace.

Mr Mangos planned to build a high-rise hotel containing a minimum of 200

beds on the site with financial assistance from the Government.

He had an application for a loan guarantee before the Tourist and Accommodation Development Committee when the Minister of Tourism (Mr Walker) announced late last year that the Government had decided that Tadco would not give financial assistance towards any tourist hotel project in Christchurch.

Mr Walker said that the AJW.P. project for a 450 bed hotel on a site bounded by Oxford Terrace, Worcester Street and Cathedral Square would meet the long-term Christchurch requirements for tourists.

He said that a survey by

Tadco had shown that the Arlington Motor Inn project in Park Terrace would meet the short-term requirements for tourist accommodation.

The Arlington Motor Inn company at that time had begun erection of a building planned to accommodate 188 persons (including staff) and was seeking a tourist hotel liquor licence.

Mr Walker said that neither the A.M.P. nor the Arlington Motor Inn Company had sought Government financial assistance.