26-Unit Motel, Picton

26-Unit Motel, Picton — Hospitality & Tourism · Picton, Marlborough · Asking $995,000

Well-established leasehold motel business in the heart of Picton 26 accommodation units: 3 two-bedroom, 2 one-bedroom and 21 studio units including 4 family studios Walking distance to cafes, restaurants, supermarkets, the waterfront and both ferry terminals Attracts holidaymakers, business travellers, families, tour groups and ferry passengers Multiple income streams across the year Spacious…

DealProspect/Listings/Hospitality & Tourism

26-Unit Motel, Picton

Motel

ActiveHospitality & TourismMarlboroughB2C

Find funding for this deal →View original listing ↗

Asking price

$995,000

Disclosed · NZD

Revenue (est.)

~$685,687

Estimated · comparable listings of this type and size

Earnings (est.)

~$257,492

Estimated · comparable listings of this type and size

Implied multiple (assumed)

~3.9×

Assumed · asking ÷ estimated earnings (as advertised)

Brief

Well-established leasehold motel business in the heart of Picton
26 accommodation units: 3 two-bedroom, 2 one-bedroom and 21 studio units including 4 family studios
Walking distance to cafes, restaurants, supermarkets, the waterfront and both ferry terminals
Attracts holidaymakers, business travellers, families, tour groups and ferry passengers
Multiple income streams across the year
Spacious owner's accommodation on site
Positioned as a base for the Marlborough Sounds, wineries and the Queen Charlotte Track

Brief

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