Pacific

No word on fate of troubled hotel site in Cook Islands

07:11 am on 28 July 2011

Cook Islanders are still waiting to hear about the fate of a troubled hotel site in Rarotonga.

The Vaimaanga property has remained neglected since finances ran dry for a multi million-dollar Sheraton hotel after much of the complex was built two decades ago.

New Zealand-based company Mirage Group is the latest investor tipped to finish building the hotel but it keeps stalling on its public announcement of development details.

A meeting with the Cook Islands ministry of infrastructure and planning set for yesterday was postponed by Mirage.

A previous refurbishment of the Vaimaanga planned by the New Zealand-based McEwan and Tepaki groups collapsed two years ago when those businesses failed.