Auckland City "Niche Market" Hotel


Auckland Central

Asking Price NZD $1,000,000 + GST (if any)

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Auckland City "Niche Market" Hotel | Auckland Central | 1694323 |      X Close
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Auckland City "Niche Market" Hotel


This Small Hotel offers a unique hotel experience for guests

β€’ High occupancies and high room rates translate to high profit margins

β€’ Full service hotel with restaurant, bars and conference facilities

β€’ Fastidious attention to maintenance means the hotel presents well

β€’ Unique colour schemes and FF&E ensure guests remember their experience, return and

recommend to other guests

β€’ Central location ideally suited to Corporate guests given its proximity to the main office

buildings - both Corporate and Leisure

β€’ Close to Auckland's attractions, shopping, restaurants, bars, harbour and not too far from Sky

City.

β€’ Proven and consistent performance pre Covid

β€’ Evidence to strong recovery now borders are opening up

β€’ Potential for further gains as NZ opens up to the rest of the world

The advantage of such high quality "niche market" hotels is that because of their size achieving exceptional room rates and high occupancy is nowhere near as difficult as a large hotel. The profit margins are achieved by having a hotel that stands out from the rest, is exceptionally well located and provides guests with a luxurious and memorable stay. Repeat business is the key and this property has all the hallmarks and inherent features that international and local customers expect from their home away from home.

You will not be disappointed with your investment choice as this historic hotel has a premium location ideally suited for corporate guests being amongst the prime office buildings in the City plus still having access to other attractions such as the main retail precincts, harbour and not too far from Sky City.

The guest rooms are sizable and the decor is unique - couple this with friendly staff and quality food and beverage then you have a perfect formula. The hotel was completely renovated and re-opened around a decade ago.

Trading has been consistently strong throughout other than the "hit" endured during Covid lockdowns. The rebound is evident and confirmed by recent turnover exceeding that of receipts prior to Covid. The upswing has begun and so will your new life journey once you own this unique boutique business.

It is common knowledge that there are numerous hotel groups wanting to establish themselves in Auckland however choices are limited and the time and money to build a new hotel often prevent their entry. However, this hotel offers such operators an opportunity to put a "pin in the map" immediately with a profitable fully managed business based on past performance with the potential to add additional rooms.

You don't need to be a hotel expert - just follow the existing proven modus operandi and guests will arrive, leave extremely happy and you will reap the financial benefits.

It is essential for you to complete an online Confidentiality Agreement prior to the identity of this hotel being disclosed and other information being provided.

Contact the listing agents:

Gordon McGregor

Ph: 021 998810

Email: [email protected]

or

Wayne Keene

Ph: 021 666991

Email: [email protected]