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DealProspect/Listings/Hospitality & Tourism

Boutique Motel, North Dunedin

Motel

ActiveHospitality & TourismOtagoB2C
Asking price
$839,000
Disclosed · NZD
Revenue (est.)
~$578,182
Estimated · comparable listings of this type and size
Earnings (est.)
~$223,733
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~3.8×
Assumed · asking ÷ estimated earnings (as advertised)

Brief

  • Polished boutique motel on George Street in the North Dunedin heritage precinct, a quality-first, location-led operation (B2C leasehold).
  • High review scores (Booking.com 9.3 across 1,011 reviews; Tripadvisor 4.9/5, ranked #1 of 31 Dunedin motels).
  • A major 2016 refurbishment delivered air conditioning, double glazing, full insulation and underfloor heating; 10 units supporting a quiet, repeat-stay experience.
  • Walking distance to the University of Otago, hospital and city attractions; business lease $839,000.

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