29-Unit Motel Leasehold, Bay of Islands
Motel
ActiveHospitality & TourismNorthlandB2C
Asking price
$985,000
Disclosed · NZD
Revenue (est.)
~$678,795
Estimated · comparable listings of this type and size
Earnings (est.)
~$254,904
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~3.9×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
- Twenty-nine-unit leasehold motel in the Bay of Islands; business lease $985,000
- Now outperforming pre-Covid performance and profitability, with good year-round occupancies
- Comes to market with the offer of a new 30-year lease
- Solid clientele of domestic and international travellers, tour groups, FIT and corporate business
- A sizeable, well-established operation in a sought-after Northland tourism hub
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