If you are coming from out of town, you might want to consider these places to stay:
High End - Farthest ($236 - $300)
Waipuna Lodge http://www.waipunahotel.co.nz/accommodationf.html
or
Middle of the Range - Next Closest ($118 - $200)
Golflands Motel http://www.golflandsmotel.co.nz/index.html
or
For those on a budget - Closest ($85 - $140)
Cascades Inn http://www.cascadesmotorlodge.co.nz/