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DealProspect/Listings/Hospitality & Tourism

Franz Josef Backpacker & Motel Complex

Motel

ActiveHospitality & TourismWest CoastB2C
Asking price
$1,100,000
Disclosed · NZD
Revenue
EBITDA
Implied multiple
n/a
Price includes the property
Brief
  • Large-scale backpacker and motel accommodation complex on the West Coast at Franz Josef, offered freehold (land and buildings)
  • Building area approximately 1,166sqm configured as motel, hostel, ski lodge and stables; land area approximately 2,240sqm
  • Sold with vacant possession, ready for immediate takeover and repositioning
  • Strong summer trading history with high occupancy and limited local competition
  • Flexible usage options suited to reviving the existing operation or establishing new accommodation concepts
  • Genuine vendor retiring from the industry
  • Suited to a new entrant or experienced operator, or as a bolt-on to an existing portfolio