A major Bay of Plenty iwi has bought one of Rotorua's biggest tourist attractions.
Te Arawa Group Holdings, the commercial arm of Te Arawa, has taken over the Waiotapu Geothermal Wonderland, home of the world-famous Champagne Pool, volcanic craters, and the Lady Knox Geyser.
The former owner, and now general manager of the park, Alex Leinhardt, says Te Arawa approached his family about purchasing the park eight months ago.
He says he wasn't looking to sell, but reconsidered when the concession his family held on the land was due for renewal.
Mr Leinhardt is refusing to say how much the park was sold for.
He says he understands Te Arawa has no plans to alter the park and the ownership transition has been smooth.