Serviced Apartments Motel & Management Rights, Queenstown

Serviced Apartments Motel & Management Rights, Queenstown — Hospitality & Tourism · Queenstown · Asking Vendor open to offers

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…

DealProspect/Listings/Hospitality & Tourism

Serviced Apartments Motel & Management Rights, Queenstown

Motel

ActiveHospitality & TourismOtagoB2C

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Asking price

Vendor open to offers

Disclosed · NZD

Revenue

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Earnings

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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.

Brief

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