Colliers presents Nesuto Stadium Hotel & Apartments - a high-quality hybrid accommodation building strategically located in the Auckland CBD. This building also has a unique management lease to a global tenant with performance-based return.
Capitalise on New Zealand’s robust hotel and tourism sector by investing in a safe and transparent property market. For sale via expressions of interest, closing Thursday 16th June 2022 at 4:00pm (NZST).
View the virtual tour below:
Strategic Downtown CBD Location
One of the closest accommodation providers to Spark Arena, New Zealand’s largest (12,000 seat) indoor multi-purpose event venue. Hotel assets located in downtown Auckland are tightly held and rarely sold.
High Quality Hybrid Accommodation
As one of only a few hybrid serviced apartment/hotel complexes in the city, the property recently underwent a NZ$12m refurbishment and expansion, presenting in an ‘as new’ condition. The building enjoys a Grade A seismic rating with minimal capex requirements in the immediate future.
Superior Lease with Performance Based Return
Leased to one of Australasia’s largest serviced apartment operators, Nesuto under a strong performance based management lease whereby the owner receives a percentage of revenue.
Value Add & Alternate Uses
Optimisation of the operational model maximising the benefit of the hybrid nature of the asset with additional alternative use options available, including extended stay, co-living, aged care, build to rent models.
For sale via expressions of interest, closing Thursday 16th June 2022 at 4:00pm (NZST).