Failures hit holiday resorts

Six troubled companies associated with Taradale Properties are insolvent and are expected to be liquidated in the next few weeks.

Friday, January 24th 2003, 1:47PM

by The Landlord

The companies managed the resorts and guaranteed rental returns on 155 units at the Taradale-developed Marama Pt resort near Rotorua and at The Whistler and Greenstone Terrace in Queenstown, Sargison said.

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