11-Unit Motel Complex, Methven
Motel
ActiveHospitality & TourismCanterburyB2C
Asking price
$589,000
Disclosed · NZD
Revenue (est.)
~$405,899
Estimated · comparable listings of this type and size
Earnings (est.)
~$152,425
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~3.9×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
- 11-unit motel complex in Methven, including 8 units and owner's accommodation completed in 2005
- Secure 35-year lease commenced February 2006, recently extended through to 2050
- Accommodation ranges from studio to spacious three-bedroom units, fully equipped with double glazing and heat pumps
- Strong winter demand from the ski season, with near-full occupancy
- Local hot pools complex, operating for the past three years, has boosted year-round visitor numbers
- Established, proven accommodation business in a popular tourism location
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