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DealProspect/Listings/Hospitality & Tourism

Freehold 35-Unit Motel, Napier

Motel

ActiveHospitality & TourismHawke's BayB2C
Asking price
N/A
Disclosed · NZD
Revenue
EBITDA
Implied multiple
n/a
Price includes the property
Brief
  • 35-unit freehold going concern motel in Napier, sold with a four-bedroom owners' residence
  • Well-maintained buildings and infrastructure on a 3,025 sqm flat corner site
  • 200m from Westshore Beach, with views over the Ahuriri Wildlife Estuary Reserve and its walkways, and a short distance to the CBD
  • Functional layout catering to modern guest expectations
  • Scale suits both owner-operator and passive investor models
  • Combines a fully operational accommodation business with freehold real estate in a tightly held market
  • Land banking or development potential given the site size and corner position