Ad ID: 55841
inactive

Hotel Motel Backpacker Business for Sale Queenstown

This is a huge business opportunity with a multi-million dollar turnover offering hotel motel apartment flashpacker and backpacker accommodation which has 467 beds in 131 rooms within 36 buildings and units.

Business Description

Hotel Motel Backpacker Business for Sale Queenstown

Big profitable accommodation business for sale in Queenstown New Zealand

Queenstown’s best value accommodation provider, comprising 467 beds in 131 rooms within 36 buildings and units. Multi-million dollar turnover business offers a variety of Hotel, Motel, Apartment, Flashpacker and Backpacker accommodation, plus Houses, selfcontained and self-catering Units allowing for most accommodation configurations in the dynamic Queenstown market. 

This very successful accommodation business located 7 minutes walk from the shores of Lake Wakatipu in Queenstown New Zealand.

I invite all interested parties to contact me as soon as possible so you don't miss out on this exciting opportunity in one of the busiest and popular tourist destinations in New Zealand. Tourism forecasts are looking strong for the future so it's a great time to be in the accommodation sector.

 

Business Resources

Business for sale with a fixed term 10 year Leasehold Interest in downtown Queenstown. 467 beds in 131 rooms within 36 buildings and units within Pinewood Village. Set in 3 acres and just a 2 minute drive or a 7 minute walk to downtown Queenstown.

Central “Hub” features commercial kitchen, indoor areas for meetings, conferences, class rooms, recreational use and socialising plus large outdoor BBQ and recreational areas.

Market Analysis shows use by Cyclists, Conference Groups, Educational Tours, Friends and Family, Organised Tour Groups, School, College and University Groups, Special Interest Groups, Wedding Parties, and Work Place Parties. The property is Cycle friendly, Pet friendly, and features several achievements including the “Expert’s Choice” and “Best of Queenstown” on Trip Expert and is featured on New Zealand’s No #1 Backpackers Guide – “Backpacker Guide NZ”.

Income streams include the rooms revenue, tourism activity sales, food sales, guest laundry and spa hire income. A bike service and bike rental business that operates from the village may also be for sale. Trading above budget and has experienced year on year turnover and profitability increases for 29 years under the current owner’s management and expansion.

A competitive rental structure has been provided for in the new 10 year lease on offer with two yearly rent reviews. There is no automatic Right of First Refusal after the 10 year fixed lease period, however the Lessor will not re-let the Premises (including any extended term) without first offering that lease to the current Lessee of the business at that time.

Please contact the Sole Agent, Adrian Chisholm on 021 727 888 or email: adrian@tourismproperties.com

 

Sign up for the Latest Businesses For Sale

BUSINESS FOR SALE BULLETINS
quickly get the newest business opportunities.

SELECT BULLETIN(S):
  •