Small hotel (below 100 rooms) for sale

Beano

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Join Date: Mar 2015

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Small hotel (below 100 rooms) for sale

14-10-2019, 11:42 PM

There is small hotel for sale in Auckland 96 rooms.
The property only not the business
Has any PT brought hotel OTP or existing ?
It looks like it will be a net yield of 5.6%
Lease is for 30 years
Approx price $32m
Fully funded the margin is about $.78m
If there some PT investor who have PM me.

Unique Auckland Hotel Opportunity

https://www.thehotelconversation.com.au/properties/2019/06/10/unique-auckland-hotel-opportunity/1560153108

Directly at its front doorstep is an exquisite, bustling little pocket of Auckland offers award-winning eateries and cafés, old-school barber shops, a local butcher, greengrocer, specialist tea shop, boutique florist and several unique small businesses all adding to the charm of the hotel’s location. Offering guests that New Zealand experience not available in bigger CBD Hotels, The Logan is situated within 7km to Auckland CBD and 2.5km to Newmarket giving guests easy access but a retreat to retire too at the end of the day.
Tags: commercial, for sale, hotel, investment, property nz, real estate

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