The Commercial Hotel site in Whakatāne has a new owner.

Bay of Plenty Regional Council has confirmed the sale of the property to a Whakatāne businessman, who has purchased it with an eye to develop it in line with Whakatāne District Council’s town vision for this area of the CBD to be a tourism hub.

Regional Council Property Manager Annabel Chappell said the property will officially change hands in a few months’ time.

“We’re pleased to see the property sold, and especially for its ownership to remain in the community. As the new owner works through their development plans, I’m sure they will release further information about this.”

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