29-Unit Motel Leasehold, Bay of Islands

29-Unit Motel Leasehold, Bay of Islands — Hospitality & Tourism · Bay of Islands · Asking $985,000

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…

DealProspect/Listings/Hospitality & Tourism

29-Unit Motel Leasehold, Bay of Islands

Motel

ActiveHospitality & TourismNorthlandB2C

Find funding for this deal →View original listing ↗

Asking price

$985,000

Disclosed · NZD

Revenue (est.)

~$678,795

Estimated · comparable listings of this type and size

Earnings (est.)

~$262,667

Estimated · comparable listings of this type and size

Implied multiple (assumed)

~3.7×

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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