Buyers of New Zealand resort launch upgrades

Pauanui Lakes Resort in Coromandel, New Zealand, is getting a facelift following its purchase by investors Stuart Galloway, Grant Robertson and their Lakes International Golf Management firm.
Lakes International had been operating the resort and its golf course after the Public Trust mortgage holder foreclosed on the previous owners.
The new ownership is upgrading both the course and its clubhouse, including doubling the number of greens maintenance personnel. Sales of residential lots, apartment sites, hotel sites and additional development parcels have resumed.  

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