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Home arrow Human Interest arrow Local arrow Shock waves at Tutukaka as Oceans Hotel closes
Shock waves at Tutukaka as Oceans Hotel closes PDF Print E-mail
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Human Interest - Local
Written by Rosemary Roberts, The Northern Advocate   
Friday, 25 July 2008

The Oceans Hotel and Apartments at Tutukaka. Picture/Liz St George

The struggling Oceans Hotel and Apartments at Tutukaka closed suddenly yesterday, ending a three-year saga of receiverships and financial crises.

Staff due at work on Thursday were told not to come in and all bookings were cancelled.

The shock closure was made public on the hotel's website. The notice, addressed to guests and signed "the team at Oceans", said no inquiries would be accepted until further notice and hinted at the possibility of re-opening sometime in the future.

The decision to close appears to be linked with the collapse of investment company Bridgecorp.

Full story...


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