Nelson’s finest boutique hotel Grand Mercure Monaco for sale JLL
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Nelson’s finest boutique hotel Grand Mercure Monaco for sale JLL
Opportunity to acquire the freehold interest and going concern of the Grand Mercure Monaco hotel Nelson New Zealand a landmark property comprising 20 rooms all on one title and a 2-bedroom manager’s cottage on a separate title. JLL Brokers Nick Thompson and Harry Fergusson have been exclusively appointed to market the property for sale.
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JLLOpportunity to acquire the freehold interest and going concern of the Grand Mercure Monaco hotel Nelson New Zealand a landmark property comprising 20 rooms all on one title and a 2-bedroom manager’s cottage on a separate title. JLL Brokers Nick Thompson and Harry Fergusson have been exclusively appointed to market the property for sale. -
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Opportunity to acquire the freehold interest and going concern of the Grand Mercure Monaco hotel Nelson New Zealand a landmark property comprising 20 rooms all on one title and a 2-bedroom manager’s cottage on a separate title. JLL Brokers Nick Thompson and Harry Fergusson have been exclusively appointed to market the property for sale. Unprecedented freehold hotel opportunity in one of the most desired domestic markets
One of New Zealand’s finest boutique hotels in the sunshine capital of the country has been presented to the market for sale.
On offer is the opportunity to acquire the freehold interest and going concern of the Grand Mercure Monaco hotel, a landmark property comprising 20 rooms all on one title and a 2-bedroom manager’s cottage on a separate title. JLL Brokers Nick Thompson and Harry Fergusson have been exclusively appointed to market the property for sale.
Situated within 15 minutes’ drive from Nelson city, this elegant English-style hotel consists of stunning hardwood wharf beams, hand-made bricks, bespoke timber joinery and sits proudly overlooking the Waimea inlet/Tasman Bay at the top of the South Island.
The Hotel has been operated under the Grand Mercure brand as part of the Accor portfolio since soon after the property was completed in 2004. The agreement with Accor has reached its renewal date and Accor has confirmed a strong desire to continue their association with the property.
JLL Brokers Nick Thompson and Harry Fergusson have been exclusively appointed to market the property for sale by way of an Expressions of Interest campaign, closing Thursday 8 April unless sold prior.
JLL Broker Harry Fergusson told WILLIAMS MEDIA “Completed in 2004 with an elegant and classic design, this is one of the newer hotels in the region. The truly unique opportunity that it offers, however, is the ability to either purchase as a hands-off bricks and mortar investment with a lease to the existing operator, take on the current operations with Accor yourself, self-brand or even realign the branding to suit your needs.”
“This is a truly unique opportunity as the freehold hotel provides a host of options for prospective purchasers. This includes as a hands-off bricks and mortar investment with a lease to the current operator, or acquire the going concern to operate it yourself, continue the current franchised operating style, self-brand the property, or re-align the branding as you see fit,” says Fergusson.
“As one of New Zealand’s most attractive and fastest expanding cities, Nelson hotel assets are tightly held and this trend looks set to continue.”
JLL Broker Nick Thompson told WILLIAMS MEDIA “Nelson was already held in very high regard as one of the Southern Hemisphere’s best-known locations, and now with New Zealand viewed in an even more positive light globally following its handling of the pandemic, this looks set to only be heightened once the borders are open again. While the hospitality industry continues to be severely impacted by the pandemic, the outlook remains positive for Nelson, buoyed by strong domestic tourism as well as the vaccine and the Australasia bubble coming to fruition to benefit one of the top travel destinations in NZ."
Thompson says the hotel benefits from a range of wider development facilities including a solar-heated swimming pool, gymnasium, stunning cottage-style gardens and village green, an on-site jeweller, hairdresser and beauty salon, ample car parking, and an established restaurant and bar currently undergoing an exciting refurbishment.
“An incoming investor has the opportunity to take advantage of an established landmark hotel which benefits from robust business and proximity to a range of strong demand drivers,” says Thompson.
“Furthermore, the Grand Mercure is one of the newer hotels in the region so buyers will not only have the security of owning one of the most reputed hotel assets in the region but also one of the newest to offer astute investors the comfort of a low-maintenance building and timeless design.”
To request a copy of the Information Memorandum please email either of the JLL marketing agents Nick Thompson or Harry Fergusson via the contact form below.
