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DealProspect/Listings/Hospitality & Tourism

Boutique Motel, Kerikeri

Motel

ActiveHospitality & TourismNorthlandB2C
Asking price
$3,900,000
Disclosed · NZD
Revenue
EBITDA (est.)
~$1,026,991
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~3.8×
Assumed · asking ÷ estimated EBITDA
Brief
  • Thriving boutique accommodation business in subtropical Kerikeri, successfully rebranded and over-delivering in a mid-range environment (B2C).
  • An outstanding online strategy (a 9.5 Booking.com rating and strong reviews) delivering high occupancies and repeat customers.
  • Ten beautifully appointed apartments and studios appealing to leisure and business travellers, run by ex-luxury-lodge owners.
  • A standalone three-bedroom owner's residence with subtropical gardens and an outdoor spa; land, buildings and business, offers over $3.9m.