37
waikato-tainui
annual report 2014
Novotel Tainui and Ibis Tainui, Hamilton.
o t h e r
i nv e s t m e n t s
The focus at The Base and Te AWA during the year was
on consolidation of the retail centre’s leading position in
the wider Waikato region. Particular attention was paid to
meeting target customer requirements, improving operational
efficiencies and undertaking business continuity planning.
Foot traffic and retail spend were higher than the national
average. There were successive store openings in the
homewares’ precinct during the year, and 2015 will see the
completion of this development.
In October 2013, TGH acquired HCC’s 41% share in HRH, the
owner of the Novotel Tainui and Ibis Tainui. As the economy
has gradually improved, so has the performance of the hotels.
The Novotel Auckland Airport has had a very good year.
Accor’s team has worked hard to secure additional business in
the conferencing sector, and occupancy rates have continued
to exceed expectations.
In regard to fishing, the new joint venture with Sealord
to manage the tribe’s deep-sea quota has seen improved
returns, and the relationship with that company continues
to strengthen.
TGH has also commenced a review of its agricultural strategy.
The company will have a more direct involvement in this area
from the 2015 financial year onwards.
s ta f f
To enable the diversication of its portfolio, TGH has recruited
additional staff in the investment area. The company also
continues to operate a graduate recruitment programme for
Waikato-Tainui tertiary students. It has proven to be a very
successful and mutually beneficial scheme.
The Board and senior management of the company would
like to thank all staff for their contribution in 2014, and their
commitment to and passion for the company’s mission.
ou t l o o k
TGH expects trading conditions to remain stable in the
coming financial year. The company’s focus will remain
very much on deepening its relationship with the tribe,
accelerating its new investment strategy and progressing
with the Ruakura Board of Inquiry.
