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DealProspect/Listings/Hospitality & Tourism

Hotel & Buildings, Hamilton CBD

Hotel

ActiveHospitality & TourismWaikatoB2B & B2C
Asking price
~$2,100,000
est. from 1× revenue · NZD
Revenue
$2,100,000
TTM
Earnings (est.)
~$403,830
Estimated · comparable listings of this type and size
Implied multiple
n/a
Price includes the property
Brief
  • Hamilton CBD hotel and buildings opportunity, available as buildings-plus-business or buildings-for-rent
  • Leasehold going concern comprising the VR Hotel and Hamilton City Inn plus demised buildings
  • Prime ~4044m² leasehold interest with retail tenancy income from multiple tenants
  • A long-term ground lease extending through to 2137, providing scope for future redevelopment
  • Proven hotel and tenancy incomes; offered by expressions of interest; suits investors or developers