Northlake Hotel opportunity in Wanaka’s Northlake development – Bruce Whillans
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Northlake Hotel opportunity in Wanaka’s Northlake development – Bruce Whillans
Designed by Studio Pacific Architecture, the three-level, 113-room Northlake Hotel is offered for sale as a turn-key development by one of New Zealand’s leading commercial real estate agents, Bruce Whillans of Whillans Realty Group.
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WintonArtist Impression - The Northlake Hotel
The Northlake Hotel is located at the centre of Northlake, a master planned residential community in Wanaka delivering 1,800 new homes from New Zealand developer, Winton - one of the country’s largest private developers.
The hotel will be opposite the growing Village Centre where Monkey Farm Bar and Eatery and Pinnacles Early Learning Centre are already serving Wanaka locals.
Key investment highlights of the Northlake hotel include:
- Freehold, 113 key hotel with full F&B offering.
- Queenstown Lakes District location - NZ’s adventure tourism capital.
- Strong YoY hotel occupancy and guest night growth.
- For sale as a completed turn-key hotel.
Click here to view the listing on The Hotel Page with further information and photography.
Managing Director of Whillans Realty Group, Bruce Whillans has commented, “Wanaka is enjoying robust year-over-year growth in total guest nights and hotel occupancy. The hotel’s location is close to the best of Wanaka, including walking tracks, cycle trails and ski fields, offering international and domestic visitors an attractive alternative to Queenstown.”
“With a limited development pipeline combined with growing visitor numbers in Wanaka, Wanaka’s hotel market will continue to perform well into the foreseeable future.”
Whillans Realty Group have noted that hotel occupancy rates in Wanaka have increased from 47.5% in 2014 to 66.9% - year ending December 2018. Additionally, also for the year ending December 2018, total tourism related spending was up 13% in the Wanaka region.
“For the year ending December 2018, total guest nights in Wanaka increased by 9.6%, with this growth led by a 10.5% increase in international visitor guest nights, followed by an 8.2% increase in domestic guest nights.”
Click here to view the listing on The Hotel Page with further information and photography.
For further information on the sale of the Northlake Hotel, contact Bruce Whillans via the below phone or email.
This is a Feature Property.
See another New Zealand hotel listing by Bruce Whillans:
Waterfall Park Hotel – Unique Queenstown Opportunity
See the latest tourism news from New Zealand:
New Zealand Hotel Industry Conference to focus on future growth
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New Zealand visitor spend outpacing arrival numbers
