Ad ID: 57258 Inactive

Hotel business for Sale Bay of Plenty

Hotel business for sale (leasehold interest) with excellent location in heart of tourism area that can accommodate large tour groups with ease.


Business for Sale Description

Hotel business for Sale Bay of Plenty

Hotel business that is rated very highly and is a strong business and opportunity for new owner to grow the business. Tourism is strong in New Zealand and there is big demand for good accommodation.

About this hotel business for sale:

This hotel offers a refreshing alternative to the traditional hotel or motel accommodation with a high quality, serviced apartment experience.

The hotel offers the convenience of either Hotel Studios or fully self-contained apartments in the heart of the vibrant geothermal and major tourist attractions.

The 39 spacious, stylish and well-equipped units are comprised of: 26 Hotel Studios 2 Superior Studios with spa bath 11 one bedroom apartments The size of the hotel means it can accommodate large tour groups with ease. Up to 80 guests can enjoy a large internal courtyard with heated pool, 2 jacuzzis and a sauna. There is also a gymnasium, guest laundry and conference/breakfast room. The site offers ample off-street parking.

Business Resources




Hotel rating: The hotel is rated Qualmark 4 star+ and rates 4 stars on Trip Advisor. The business is strong – full financial disclosure will be available to qualified enquirers.

The hotel lease:  The lease is 10 years from 2008 plus 3 rights of renewal, each of 5 years. An extension may be negotiable. The vendor is over-committed with other businesses and has run Apollo Hotel Rotorua under management. A new owner-operator will see further business growth through hands-on operation.

This is a superb opportunity to acquire a significant accommodation business in the booming tourism mecca.

The vendor is keen to divest: all reasonable offers will be considered.

Don't delay in contacting me now to discuss this sale in dept.

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