Ad ID: 63025 Inactive

Quality Hotel for Sale Marlborough

Quality Hotel, Marlborough

Location:
Asking:
$4,200,000

Business for Sale Description

Quality Hotel for Sale Marlborough

Reasons to purchase​

Sales/net income on a growth path

Occupancy trending up

Option to purchase just the business

Close to Blenheim’s CBD

Development potential

Established corporate clients

Multiple income streams

Quality Hotel Marlborough being offered for sale as a freehold going concern, offers investors a unique opportunity in the Blenheim tourist market, providing multiple income streams, comprising accommodation, conferences, functions and bar facilities.

The property has the laid back atmosphere of the Pacific, from its Nikau palm tree theme, to the Nikau lounge and bar and the peaceful and relaxed lush subtropical landscaping. To top it off there is a solar heated outdoor pool and children’s pool.

The Complex

The complex consists of 28 spacious studio-style guest rooms with open-plan sleeping and living and plenty of guest parking. The owner’s residence is a 2 bedroom apartment.

The Hotel offers dining and conference facilities. The Nikau poolside bistro restaurant has seating for up to 40 diners and also offers top class corporate and event facilities with special wedding venue packages and can cater up to 120 wedding guests.

Development Opportunities

Resource consent (lapsed) was given to add an extra 40 rooms on vacant land owned by the hotel. The vendor believes this could now be increased to 60 rooms over 3 levels.

Location

The Quality Hotel Marlborough is centrally located in Blenheim and is a short riverside walk to the CBD and Marlborough convention centre, a 20 minute drive from the inter-island ferry in Picton and well placed for guests to explore the Marlborough Wine region and the surrounding Marlborough Sounds. The hotel is close to all main arterial routes.

Blenheim is a town in Marlborough, in the north east of the South Island of New Zealand. The area which surrounds the town is well known as a centre of New Zealand's wine industry. Blenheim enjoys one of the sunniest climates in NZ.

Reference: EL00782

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