Listing #:1503638128
Best Western Dunedin – An Outstanding Motel Opportunity
Location: Dunedin, Otago
The Best Western Dunedin complex has a mix of nineteen studios and seven 1-bedroom units, all displaying a high standard with a consistent and modern décor throughout. A new block of eight units was completed in 2011, incorporating the self-contained conference centre, laundry and storeroom.

All rooms have recently been refurbished internally and externally.

The residence has 3 double bedrooms, with the office adjoining the main living area.

The Conference Centre opened in August 2011 and is located in a fully self-contained building with a semi-commercial kitchen. Ideal for conferences, training programmes, seminars, product display launches, board meetings, sales promotions, staff interviews or meetings which can facilitate a number of configurations for up to 50 guests. This can also be used for group bookings as a central meeting and catering venue.

With 29 years remaining on the current 35 year lease term this provides security of tenure and supports the value of the business.

Best Western Dunedin is performing at the top of the industry in Dunedin as the market responds to the high-end quality that this business provides. The ‘Best Western’ branding ensures continued support in Revenue Management, Sales & Marketing, Interior Design, Preferred Supplier Agreements and Preferred Provider Agreements.

An motel Manager living on site currently assists in day to day running of the complex. While this may not be necessary for a future operator it does provide another option. There is good potential to add further value to the business.

The current operators are very proud of their achievements, and the market has responded accordingly, with numbers up year on year, and already forward bookings are in place for a good deal of 2018.

Broker's Comments: ?This is an excellent opportunity for an astute purchaser to buy such an established business that ticks all the boxes. It is a real credit to the current owners as it is not very often that such an outstanding motel business becomes available.

Agency reference #: 58367
Asking price: $1,600,000
Listed: Wed 27 Dec, 12:05 pm
Peter Gale
  • Contact Details
  •  (021) 608107
  •  (021) 608107


Agent's details

Peter Gale
  •  (021) 608107
  •  (021) 608107

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