Tainui has tightened its grip on two top hotels.
The Waikato tribe's business division now controls 82.76% of the company behind Novotel Tainui Hotel and Ibis Hotel Tainui.
The iwi's stake in Hamilton Riverview Hotel Limited has doubled due to Hamilton City Council selling its shares in the business.
Tainui has paid $12 million to increase its ownership.
The council says the sale is part of a drive to cut its debt.
The remaining 17.24% portion of the shareholding is held by AAPC NZ Limited, part of the Accor group, who also manage the Novotel Tainui Hotel and Ibis Hotel Tainui.
