17-Unit Motel Business in Christchurch

17-Unit Motel Business in Christchurch — Hospitality & Tourism · Christchurch

Fully refurbished 17-unit motel business on busy Main North Road in Christchurch Comfortable three-bedroom, two-bathroom accommodation included for the operators Quality chattels throughout with strong presentation for travelling and corporate guests Close to Northlands Mall shopping centre with easy access to Christchurch CBD Positioned to benefit from Christchurch's growing tourism sector

DealProspect/Listings/Hospitality & Tourism

17-Unit Motel Business in Christchurch

Motel

ActiveHospitality & TourismCanterburyB2C

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Asking price

N/A

Disclosed · NZD

Revenue

—

Earnings

—

Implied multiple

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Brief

Fully refurbished 17-unit motel business on busy Main North Road in Christchurch
Comfortable three-bedroom, two-bathroom accommodation included for the operators
Quality chattels throughout with strong presentation for travelling and corporate guests
Close to Northlands Mall shopping centre with easy access to Christchurch CBD
Positioned to benefit from Christchurch's growing tourism sector

Motels in Canterbury

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Listed

+2 in 30 days

Median asking

$695K

10 priced

Earnings multiple

3.2×

27 listings

Asking price spread10 of 11 state a price

10%

60%

30%

$250K–$500K$1M–$2.5M

New Zealand 83 · Bay of Plenty 9 · Northland 9 · Manawatu-Whanganui 8

Restaurants 21 · Cafes 11 · Automotive workshops 9

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