The Marlborough Riverside Hotel, BlenheimListing: #CS00632
About this Business for sale in MarlboroughThe Marlborough Riverside Hotel, Blenheim
The Marlborough Riverside Hotel (Choice Hotels member) offers a unique opportunity to purchase a sound business in the popular tourist/conference destination of Blenheim, providing multiple income streams, comprising accommodation, restaurant, conference/function centre and bar facilities.
The property has the laid back atmosphere of the Pacific, from its Nikau palm tree theme, to the Nikau lounge and bar and the peaceful and relaxed lush subtropical landscaping. To top it off there is a solar heated outdoor pool and children’s pool.
Reasons to purchase
- Sales and guest occupancy on a growth path, post Covid-19
- Excellent working relationship with the Landlord
- Attractive potential return on investment
- Long lease tenure
- Close to Blenheim’s CBD
- Multiple income streams
The complex consists of 43 spacious studio-style guest rooms with open-plan sleeping and living and plenty of guest parking. 15 new units were constructed in 2020 and 1 of those units is a spacious 2 bedroom manager's apartment.
The Hotel offers dining and conference facilities. The Nikau poolside bistro restaurant has seating for up to 40 diners and also offers top class corporate and event facilities with special wedding venue packages and can cater up to 120 wedding guests. There is the potential to sub-let the restaurant and conference facilities.
The staff at present comprise of 2 * reception, 1 * chef and 3 * housekeepers, plus the owner couple who have limited hours.
The hotel is centrally located in Blenheim and is a short riverside walk to the CBD and Marlborough convention centre, a 20 minute drive from the Interislander ferry in Picton and well placed for guests to explore the Marlborough Wine region and the surrounding Marlborough Sounds. The hotel is close to all main arterial routes.
Blenheim is a town in Marlborough, in the north east of the South Island of New Zealand. The area which surrounds the town is well known as a centre of New Zealand's wine industry. Blenheim enjoys one of the sunniest climates in NZ.
This opportunity exists for someone who can look to the future post Covid-19, by building the business back up with the potential for very strong cash flow and future capital gain. The vendors are motivated to sell as they have other business opportunities to explore. All offers will be considered!
To find out more, go to linkbusiness.co.nz/CS00632 and press the “Enquire Now” button to complete an online confidentiality agreement.
Jono Jarvis, 021 177 9760, email@example.com
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.
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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.