Geraldine Motel with Owner's Residence

Geraldine Motel with Owner's Residence — Hospitality & Tourism · Geraldine

Modern motel in Geraldine, rated the region's best by Lonely Planet Popular stop for domestic and international tourists, about 90 minutes from Christchurch Airport New carpet and other improvements completed over the past winter Repeat guests include corporates, solo travellers and couples Sits on a large landholding with room for future expansion, subject to consents Spacious three-bedroom…

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Geraldine Motel with Owner's Residence

Motel

ActiveHospitality & TourismCanterburyB2C

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Asking price

N/A

Disclosed · NZD

Revenue

—

Earnings

—

Implied multiple

n/a

Price includes the property

Brief

Modern motel in Geraldine, rated the region's best by Lonely Planet
Popular stop for domestic and international tourists, about 90 minutes from Christchurch Airport
New carpet and other improvements completed over the past winter
Repeat guests include corporates, solo travellers and couples
Sits on a large landholding with room for future expansion, subject to consents
Spacious three-bedroom owner's residence, one room self-contained and usable as a guest unit
Vendors retiring after 30+ years in the industry

Motels in Canterbury

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Listed

active

Median asking

$600K

7 priced

Earnings multiple

3.2×

12 listings

Asking price spread7 of 9 state a price

14%

57%

29%

$250K–$500K$1M–$2.5M

New Zealand 83 · Bay of Plenty 10 · Waikato 8

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