nzbizbuysell.co.nz/86375
Ad ID: 86375

Garden Court Hotel Suites & Apartments for Sale Queenstown

Garden Court Suites & Apartments in Queenstown is on the market. Hosting both local and overseas visitors, this highly profitable Queenstown accommodation business is located in a premium CBD position, providing stunning views, vantage points, and is only a short 5-minute stroll to the lakefront and town centre. CALL NOW!

Location:
Asking:
$4,900,000
Plus GST if any

Business for Sale Description

Garden Court Hotel Suites & Apartments for Sale Queenstown

Garden Court Suites & Apartments in Queenstown is on the market.

Hosting both local and overseas visitors, this highly profitable Queenstown accommodation business is located in a premium CBD position, providing stunning views, vantage points and beautifully manicured gardens, and is only a short 5-minute stroll to the lakefront and town centre.

Garden Court Suites and Apartments captures all levels of the Queenstown tourism market, by offering 54 modern and spacious suites and apartments of various configurations, with a total guest capacity of 220.

Offering a long lease on 41 Frankton Road, comprised of 23 suites, and long term management-rights, over the 31 individually-owned apartments at 3-7 Adelaide Street, this sale presents a rare opportunity for accommodation and hospitality operators, investors and providers, to secure a great accommodation business in the CBD and capitalise on Queenstown’s tourism market.

Business Resources

Profitable Queenstown CBD Accommodation Business & Management Rights featuring: 

  • Prime location in the CBD and the ‘Queenstown sunbelt’, with 365 ‘sun days’
  • EBITDA $1m plus, rooms revenue approaching $4m
  • 20% Return on Investment (Approx.)
  • Long Lease on offer + Management Rights
  • 54 keys, 71 bedrooms and a guest capacity of 220
  • Plus a modern 2-bedroom manager/owners apartment on site
  • Exceptional car parking for guests on site
  • A short 5-minute walk to the Queenstown CBD & lakefront!

Garden Court Suites & Apartments is a stunning Four Star Plus, leasehold business complex, comprising 54 Suites & Apartments, accommodating 220 guests, located at the prime entrance-way to downtown Queenstown, that is both in the ‘Sun-Belt’ (sun all year round) and is crucially in the ‘walk-circle’ of the Queenstown CBD – a factor becoming very valuable given vehicle movement issues currently.

The complex was purpose designed: offering a mix of large studio, one-bedroom, which Interconnect, and two-bedroom apartments, positioned for the Free Independent Traveller (FIT) or the group business. All room types enjoy high occupancy and yields.

Configurations:

  • 15 Studios
  • 22 x one-bedroom, that interconnect
  • 17 x two-bedroom, over two levels

The Accommodation & Hospitality complex includes:

  • Reception
  • 54 suites and apartments
  • Guest and commercial laundry
  • Breakfast restaurant
  • Spa pool
  • A two-bedroom self-contained manager’s apartment and administration office (approx. 98.7m2)
  • Generous on site car parking

The design, quality and location of the complex together with strong Management have resulted in very consistent financial performance across many years. Register for all the details now.

Garden Court Suites & Apartments is operated under a long term Lease of the 23 Suites, and two blocks of luxury apartments totalling 31 units, held under identical long term Management Agreements.

Here is your opportunity to secure one of Queenstown’s most prominent, established and profitable, Hotel business’, which enjoys a prime location – just a 5 minute stroll to the lakes edge of downtown Queenstown. Call Adrian today for all the details.


FOR MORE INFORMATION:

To find out more, go to https://www.tourismproperties.co.nz/for-sale/hotels-for-sale/ queenstown-hotel-suites-apartments-for-sale-in-queenstown-cbd /and press the "register" button.

Contact Broker:

  • Adrian Chisholm
  • International: +64 21 727 888
  • NZ Mobile: 021 727 888
  • Email: adrian@tourismproperties.com

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Tourism Properties.com
For more info
Contact: Adrian Chisholm

Adrian Chisholm

+64 21 727 888
Tourism Properties.com
Licensed REAA 2008
Broker Ref: 12234

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