A new $130 million luxury hotel development in Queenstown is designed to draw in more high-spending visitors.

The new hotel will sit on an elevated 1.2 hectare site in front of the award-winning Kamana Lakehouse hotel in Fernhill.

Once completed, it will encompass 37 ultra high-end residences across 10 architecturally designed villas, with a central facilities building.

Destination Queenstown CEO Mat Woods says this will be a draw card for the entire nation - not just Queenstown.

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