A $100 million 28-storey luxury hotel - which would be the tallest building in Dunedin - is planned for the city's waterfront.
Plans for the five-star hotel on Wharf St were unveiled at a lunchtime press conference by Steve Rodgers, of Rodgers Law. The identity of the developers has yet to revealed.
The hotel will have a rooftop restaurant, 164 apartments, 215 rooms and 121 car-parks.
Resource consent applications are being lodged today and the project is planned to be completed by 2015, he said.
Dunedin Mayor Dave Cull and Tourism Dunedin chief executive Hamish Saxton also fronted the announcement.
In a statement yesterday, Mr Rodgers said the proposed development would elevate Dunedin as a tourism destination both domestically and internationally and would provide significant economic benefits to the city and surrounding region.
Support for the development included Queenstown businessman Sir Eion Edgar and Arrowtown businessman Sir Michael Hill, he said.