The Opportunity

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.

Nesuto hotel features

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).

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Highlights

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.