11-Unit Motel Complex, Methven

11-Unit Motel Complex, Methven — Hospitality & Tourism · Methven · Asking $589,000

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…

DealProspect/Listings/Hospitality & Tourism

11-Unit Motel Complex, Methven

Motel

ActiveHospitality & TourismCanterburyB2C

Find funding for this deal →View original listing ↗

Asking price

$589,000

Disclosed · NZD

Revenue (est.)

~$414,147

Estimated · comparable listings of this type and size · typically within ±30%

Earnings (est.)

~$154,711

Estimated · comparable listings of this type and size · typically within ±25%

Typical multiple

~3.8×

comparable listings of this type and size · typically within ±25%

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

Motels in Canterbury

Motels for sale in Canterbury (9) →

Listed

active

Median asking

$600K

7 priced

Earnings multiple

3.2×

12 listings

Asking price spread7 of 9 state a price

This listing · $589K

14%

57%

29%

$250K–$500K$1M–$2.5M

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Restaurants 13

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