Mrs Chadwick said not only was the scale of the new investment substantial, but the fact it was the second Wyndham Hotel Group property in Rotorua - alongside the WorldMark Marama Resort Rotorua - was really significant.
"As we seek to grow our reputation as a quality destination the addition of a luxury development of this nature only strengthens our positioning, particularly with its lakeside location and focus on geothermal health and spa facilities."
She said it would be a very welcome addition to Rotorua's accommodation sector and would cater to the fast developing luxury market interested in spa and wellness facilities.
Developer Rob Neil from Safari Group said he had owned the 1.8ha property for more than five years and all the consent processes for the development were completed.
He said work would start at the end of the year "at the earliest" and during the peak of construction would employ between 80-100 people.
"It's a north-facing site with spectacular views and on the lakefront. It's difficult to get your hands on."
Mr Neil said the property would be a five-star resort and would fill a hole in Rotorua's accommodation market.
"This is quite significant and quite unique and there is a market for it."
Managing director of the Wyndham Hotel Group in the South Pacific, Barry Robinson, said they had been working with the developer of the site for more than 18 months.
"Rotorua is a very attractive and well known destination for both international and domestic visitors, so we see it as a vital link in our expansion plans." Mr Robinson said the Rotorua development would meet the increasing needs of free independent travellers and the corporate market.
Aside from the direct benefits of the construction employment, he said the hotel would create an additional five full-time and five part-time jobs once opened.
Rotorua Hotels' Tourism Industry Association sector chairman Gert Taljaard said it was fantastic to see new investment in Rotorua and a luxury product like the planned Ramada was welcomed.
