Serviced Apartments Motel & Management Rights, Queenstown
Motel
ActiveHospitality & TourismOtagoB2C
Asking price
Vendor open to offers
Disclosed · NZD
Revenue
—
EBITDA
—
Implied multiple
n/a
Price includes the property
Brief
- Well-established 4-star serviced motel and management rights business in Queenstown, a 5-minute stroll from downtown (B2C).
- 17 units in total: 10 one-bedroom motel units (leasehold to 2038 with renewals) plus six owned two-bedroom unit titles and one third-party unit under a management-rights agreement.
- Live-in management, with the onsite manager in a spacious two-bedroom apartment with office; units feature kitchenettes, Wi-Fi, Sky TV and parking.
- Strong post-Covid growth with strong occupancy and yields; managed since 2018; vendor open to offers.
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