Be part of West Coast Tourism Growth
- Established, high returning hotel on the West Coast
- 54 rooms on 3.21 hectares of freehold land
- Potential for expansion using surplus land area
- Very attractive returns with G.O.P (before management fees) returning 12% on the asking price for the year ended June 2016.
Take advantage of New Zealand's booming tourism market to own an established and high returning hotel property on the West Coast. This property is offered as a freehold going concern for $7,800,000 + GST (if any) + SAV with a management contract in place with Scenic Hotel Group. Continue the current management agreement as a passive investment or take over the management as an owner/operator. This property is forecasting solid increases in profitability from increased revenue in accommodation and food and beverage. Situated on a well-established South Island tourism route, currently enjoying strong growth in tourism this is a rare opportunity to purchase an established hotel on the West Coast of New Zealand. Call now to discuss this opportunity.
|Property Type||Tourism / Motel / Hotel|