Ad ID: 80934

Boutique Hotel for Sale Queenstown

Central Ridge Boutique Hotel, Queenstown

Location:
Asking:
$2,050,000
plus GST (if any)

Business for Sale Description

Boutique Hotel for Sale Queenstown

Central Ridge Boutique Hotel is perfectly positioned right in the heart of Queenstown, minutes from dozens of restaurants, outdoor cafes, and recreational activities that occupy the waterfront and easy-going pedestrian malls.

Reasons to buy this business

  • 33 year lease
  • Award winning hotel 
  • Location
  • Profitable business
  • High guest occupancy
  • 14 spacious suites
  • Registered trademark for Central Ridge in NZ

Queenstown accommodation doesn't get any better than Central Ridge Boutique Hotel, with its exceptionally high standards of accommodation, guest lounge, sauna, breakfast cafe and guest customer service. 

Hotel Suites

Central Ridge offers spacious and well appointed rooms comprising of 14 suites over 3 levels.  All suites have double glazing, heat pumps, gas fired radiator heating and underfloor bathroom heating.  

Manager’s residence

The manager’s apartment is one of the 14 hotel suites currently used by the manager.  There is the potential to re-instate a 1 bedroom apartment back into a manager’s apartment, thereby re-introducing suite 14 into a revenue generating room.

Hotel Facilities 

  • Dining room 
  • Room service
  • Lounge with French doors to private courtyard
  • Swedish sauna with shower
  • Off street parking
  • Tour Desk
  • In house laundry
  • Ski storage/Drying room
  • Luggage storage

Awards

  • 2018 - Hotel & Restaurant for the Year - Thawards, London.
  • 2019 / 2018 / 2017 Travelers' Choice - Trip Advisor
  • 2018 / 2017 / 2016 Certificate of Excellence - Trip Advisor
  • 2017 / 2016 Gold Circle Award – Agoda
  • 2018 Gust Review Award – Expedia
  • 2018 / 2017 Best Guest Service Award - Booking.com

The Opportunity

Tourism for NZ is now a major export earner and is experiencing tremendous growth. Visitor arrivals to New Zealand are expected to grow 4.6 per cent a year, reaching 5.1 million visitors in 2024 from 3.7 million in 2017 and total international spend is expected to reach $14.8 billion in 2024, up 40 per cent from 2017. (Source: MBIE May 2018).  The purchase of Central Ridge Boutique Hotel is an excellent opportunity to take advantage of this growth and a new owner will be purchasing an investment with a potentially attractive growing income, further enhancing the value of the investment.

To find out more, go to www.linkbusiness.co.nz/CS00363 and press the “Enquire Now” button to complete an online confidentiality agreement.

***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.

Interested In This Opportunity?

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LINK Business Christchurch Ltd
For more info
Contact:

Jono Jarvis

Jono Jarvis
021 177 9760 or 03 366 3394
Anytime
Phone: Jono Jarvis 021 177... or 03 366 3394
LINK Business Christchurch
Licensed REAA 2008
Broker Ref: CS00363

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