Boutique Accommodation Business, Merivale
Motel
ActiveHospitality & TourismCanterburyB2C
Asking price
$1,450,000
Disclosed · NZD
Revenue
$900,000
TTM
EBITDA
$400,000
Implied multiple
3.6×
asking / earnings
Brief
- Flagship boutique accommodation business (Merivale Manor) in the prestigious Merivale precinct of Christchurch (B2C leasehold).
- An 18-unit complex: a heritage-listed Manor House of 10 elegantly appointed suites plus 8 modern executive studios, with a separate four-bedroom owner's residence.
- Strong trading with EBITDA circa $400,000 on turnover circa $900,000 (FY ending 31/3/2026), consistent high occupancy and repeat clientele.
- A lease extension secured and a maintenance programme completed; a turnkey operation as the long-term vendors retire; asking $1,450,000 + GST.
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