Saving the building, however, would be a costly exercise. While thought to be structurally sound it is badly run-down and was stripped after last year's court-ordered closure.
The land and buildings were bought from the ANZ Bank in September by Te Runanga-a-iwi, which plans to grass the area over until it comes up with a plan for the prime Broadway site.
The Historic Places Trust's Northland manager is due to meet runanga representatives today to discuss the fate of the hotel, which was built in 1894.
The building has no legal protection. It is not registered with the Historic Places Trust, nor scheduled on the Far North District Council's District Plan.