With the option to purchase with vacant possession* or with Swiss-Belhotel International via HMA, 36 Munroe Street is Napier's first 5-star international branded hotel and presents as a unique investment proposition that is exceptionally well positioned to capitalise on a captive domestic and steadily growing international tourism market.
Converted to hotel use in 2021, this modern Art Deco-style boutique hotel offers 52 premium rooms managed by Swiss-Belhotel International under a Hotel Management Agreement for a ten-year term. The hotel is supplemented by approximately 500sqm of commercial space on the ground floor partly leased to two commercial tenants.
With a limited competitive set across 5-star hotel options in the region, Swiss-Belboutique Napier has a competitive edge in attracting discerning travellers. Moreover, Hawke's Bay's tourism expenditure has increased by 7.18% in the 12 months leading up to July 2023, further enhancing the investment's potential.
This property offers well-appointed rooms, versatile commercial space, on-site amenities, and income potential through optimised room rates, occupancy rates or change in management. Swiss-Belboutique Napier presents a compelling opportunity for investors looking to tap into Napier's tourism industry.
To learn more about this premium modern Art Deco-style marvel or schedule a viewing, please contact a member of the sales team.
*hotel only and subject to the Vendor exercising a termination clause.
- Option to purchase with vacant possession providing new management or owner-occupation potential (hotel only and subject to Vendor exercising a termination clause).
Diversified income profile - core income profile secured by international operator Swiss-Belhotel (HMA), plus partly leased to two commercial tenancies
- Tastefully renovated asset offering premium modern Art Deco-style boutique accommodation
- With a strong uptick in electronic card transactions throughout the region, plus solid occupancy levels, Swiss-Belboutique is well positioned for the looming summer season
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