The businesses of Portmans Motor Lodge, BK’s Chardonnay Motor Lodge and Te Awa Motel have sold in the past months finishing off a strong year for Resort Brokers New Zealand.
Portmans Motor Lodge has sold in the CBD of progressive Hastings, set among many magnificent examples of Art Deco and Spanish Mission style architecture.
Portmans has easy access to Hawkes Bay's famed wineries, restaurants and bars, racecourse, cycle tracks and sporting facilities making the buy an astute investment.
In addition, the sale of BK’s Chardonnay Motor Lodge, Mastertons newest motel consisted of 18 luxurious units including a mixture of standard and twin studios, 1 bedroom units and 2 bedroom units.
The motels in the Wairarapa region benefit from the many events and activities in the region and they seem to be constantly busy, especially in summer.
Te Awa Motel also sold offering 7 one bedroom units, refurbished and tastefully decorated, units. The owners accommodation is a spacious three bedroom home with extensive views of the city and the Whanganui River.
Features of the units include kitchenettes, flat screen TVs , SKY SO+ , new beds and bedding plus the motel has a lovely spa pool for guests to unwind in.
To discuss the New Zealand accommodation industry contact Wayne Keene or Gordon McGregor of Resort Brokers New Zealand via the below contact details.
See also additional articles relating to Resort Brokers New Zealand:
Two of the largest NZ Management Right transactions of 2017