Tainui Group Holdings will soon begin construction on their new investment, a five star hotel at Auckland Airport.
The hotel will be six stories high and have 305 rooms in total. It will neighbour another Waikato-Tainui hotel, the Novotel.
Tainui Group Holdings CEO Chris Joblin says there will be significant financial reward for the people.
"There will be just under 200 jobs that will be created," says Joblin.
Parekawhia McLean, chair of Te Whakakitenga o Waikato, says Tainui already have a model of success with the Novotel and they want to expand on that success.
"Our hotel here, Novotel Tainui, has an occupancy rate of almost 90%. It's full most of the time, it's a cash cow for the iwi. I expect Te Arikinui Pullman will be the same. There will be just under 200 jobs that will be created."
The hotel is also Māori-themed, with a name befitting of its status,Te Arikinui.
'It was also the name bestowed on Te Atairangikaahu when she became the Māori queen, so that's why it's significant- and it's also her birthday, the 23rd of July," says McLean.
The hotel will be up and running by 2022.