Plans for an $80 million commercial centre and hotel in central Rotorua have been unveiled by Ngāti Pikiao’s Rotomā No.1 Incorporation.

Chief executive Neville King said the intention was to make an architectural statement that would elevate the city's CBD with a wood-first finish. He also hoped the project would encourage other developers to raise the quality of construction and architecture on their sites.

Chair Nelson Meha argued the project would create the opportunity for skilled jobs for the community, especially young people. He claimed an investment by the Provincial Growth Fund into infrastructure for the city had encouraged Rotomā No.1 to proceed, and expressed his hopes for the four-star hotel to help the city attract high-value tourists.