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DealProspect/Listings/Hospitality & Tourism

Queenstown Motel & Management Rights Business

Management Rights

ActiveHospitality & TourismOtagoB2C
Asking price
Open to Offers
Disclosed · NZD
Revenue
—
Earnings
—
Implied multiple
n/a
Price includes the property

Brief

  • 17-unit serviced motel and management rights business a 5-minute walk from central Queenstown
  • Mix of one and two-bedroom apartment-style units, six owned freehold and included in the sale
  • Lease runs to 2038 if renewal rights are exercised; live-in manager's apartment included
  • Operated by the current owners since 2018, now retiring
  • Strong post-COVID occupancy and yields