Articles tagged Hotels

A nurses strike looms within a fortnight unless the Government can either stonewall unions in final negotiations or relax its fiscal pursestrings a bit. The Government has relented slightly on its foreign buyers ban, allowing foreigners to hold on to new apartments and hotel units they provide the capital to build. But rest home operators and wine companies missed out on the exemptions they hoped for.

Developers of multi-storey apartment blocks and hotels will be able to invite in foreign buyers again under changes to the Government's foreign buying ban law. Conveyancers also dodged a bullet and telcos got an exemption, but retirement village operators failed to win the exemption they hoped for. Nikki Mandow looks at the winners and losers in the select committee's changes to the Overseas Investment Amendment bill.