An opportunity to own a newly completed, art deco-inspired, five-star hotel in the picturesque tourist town of Napier, New Zealand, has just become available for the decerning investor. The property is being marketed exclusively by Property Brokers Commercial Agents Les Kennedy & Susan Davis.

The offering is mixed use with both hotel and commercial, with 52 guest rooms and suites across three floors, all beautifully appointed in a contemporary art deco style. There is also a basement car park which provides 25 on-site car parks, with the addition of three parks outside the hotel.

The property has a licensed bar and restaurant and a well-equipped fitness centre, plus three commercial leases located on the ground level, with a gross income of circa $150,000pa plus GST.

Property Brokers Napier commercial agents Les Kennedy are Susan Davis are excited to bring this international hotel to the market. Mrs Davis said: “This upscale hotel property stands true to the Art Deco ethos of Napier and would be an outstanding addition to any investment portfolio.”

“The hotel is being sold with vacant possession, with all the 5-star quality chattels fixtures and fittings. The attention to detail to the property is second to none.” Mrs Davis added.

Renowned New Zealand-based design company CDA Pacific Architecture, which has had vast experience on hotel projects across many international markets, undertook the multi-million-dollar refurbishment project.

“Visitors to the hotel will appreciate the careful consideration that has been taken with all the high-quality fixtures and the way they tastefully celebrate the art deco era. From the beautiful multi-bulb lighting to the lovely hues of colour throughout the hotel, right down to the geometric shapes that are highlighted in the carpets, room divides, and bathroom mirrors,” said Mrs Davis. 

Mr Kennedy highlighted that the Napier location is highly desirable; “Napier is a wonderful seaside town that was completely rebuilt in art deco style after a devastating earthquake in 1931 that struck the Hawke’s Bay region. Napier is often touted as the ‘art deco capital of the world' and attracts thousands of visitors a year to explore this beautiful seaside town's unique architecture and history. The boutique hotel is situated in a prime location in Napier's CBD and within short walking distance to some of the City's finest restaurants, shopping areas, and the iconic tree-lined Marine Parade and waterfront.

Mr Kennedy added: “The region is renowned for its great climate, beaches, wineries, fresh produce, and hospitality which make it a popular tourist destination.”

According to the marketing agents, Hawke's Bay has continued to grow its share of the domestic market spend - for the 12-month period to February 2022 was $387.1m (up 11% from last year). The region is poised to welcome back the thriving cruise ship industry from around the world. The Port of Napier was hosting approximately 80 ships before Covid restrictions, and it is hoped to quickly re-establish these numbers. Hawke's Bay Airport has forecast that they should return to pre-Covid levels by 2025. In addition, the Tourism Export Council NZ has modeled that the region should see a return of international visitors to (almost) pre-Covid levels by 2025.

Mrs Davis said: “The very proactive Hawke's Bay tourism agency and operators in the region help create and drive numerous events including the Hawke's Bay marathon to major international artists at the Mission Winery Estate, the popular FAWC (Food And Wine Classic) to the annual Art Deco Festival. All of which attract thousands of domestic and international visitors to the Hawke’s Bay region. So we are anticipating the opportunity to own such a high caliber, art deco-inspired hotel will be sought after."

Hotel amenities include:

• 52 guest rooms and suites (ranging from size  32m2 to a generous 60m2)
• 28 on-site carparks
• 1x bar
• 1 x restaurant
• 1 x fitness centre

Three ground floor commercial tenancies are fully leased.

Mrs Davis said: “This is an incredible opportunity for an investor to become a part of a unique and stunning offering in one of New Zealand’s most beautiful cities.”

The five-star boutique hotel is for sale by negotiation. 

To request further information and or to arrange a viewing please contact the Agents Property Brokers Commercial Agents Les Kennedy & Susan Davis listed below:

ce64e805-62d9-4327-bfce-982671d130e4.jpeg