Freehold Motel, Palmerston North CBD
Motel
ActiveHospitality & TourismManawatū-WhanganuiB2B & B2C
Asking price
$2,750,000
Disclosed · NZD
Revenue
—
Earnings
—
Implied multiple
n/a
Price includes the property
Brief
- Freehold going-concern motel in the Palmerston North CBD, combining land, buildings and an established business
- Two-level complex of 12 large studio units suited to corporate and short-stay guests
- Set on approximately 889m² with a spacious three-bedroom manager's residence
- Consistent year-on-year trading with a stable mix of corporate and repeat clientele
- Scope to grow via tariff and occupancy optimisation; suits owner-operators or investors
Priced like this one
nearest on the figure this listing states- Beaumont Apartments Management Rights, Mount MaunganuiManagement Rights · Bay of Plenty · $2,495,000
- TOP10 Holiday Park, MartinboroughHoliday Park · Martinborough, South Wairarapa · $2,495,000
- Central Christchurch Hotel - Leasehold BusinessMotel · Canterbury · $2,450,000
- Freehold Rotorua Holiday Park, NgongotahāHoliday Park · Ngongotahā, Rotorua · $3,200,000+
- Quest Hotel Business, TaurangaHotel · Tauranga, Bay of Plenty · $2,300,000
- Te Anau Accommodation BusinessLodge · Southland · $2,099,000