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DealProspect/Listings/Hospitality & Tourism

35-Unit Motel Lease, Napier

Motel

ActiveHospitality & TourismHawke's BayB2C
Asking price
Price by Negotiation
Disclosed · NZD
Revenue
EBITDA
Implied multiple
Brief
  • Coastal motel business with 35 units in Napier, offered as a leasehold going concern
  • Long secure lease of approximately 28 years
  • Premium location just 200m from Westshore Beach, about five minutes' drive from Napier's CBD and domestic airport
  • Comes with the use of a sizeable, family-friendly four-bedroom owners' accommodation and a pool
  • Mix of unit types attracting a broad clientele
  • Scale suits hands-on operators seeking lifestyle flexibility, or investors wanting a regional accommodation asset run under management
  • The freehold going concern, with land and buildings, is also available separately