Listing Ref: 419
Waitomo Caves Hotel, Waitomo
Property Name: Waitomo Caves Hotel
Address: Waitomo Village, RD7, Otorohanga
Property Type: Hotel
Sale Type: Business
Price: Price by negotiation
Region: Waikato
Configuration
33 mixed configuration rooms with supporting facilities including a lounge area with open fireplace, reception area, 2 restaurants, bar, guest laundry and 2 conference rooms (Fred Mace Room & Garden Room seating 120 and 80 theatre style respectively).
The initial structure was known as Waitomo House when purchased by the New Zealand government during 1905 and subject to the ‘wooden wing’ addition during 1908. By the mid 1920's with the huge increase in tourists visiting the area the second major renovation took place creating the 'concrete wing' of the Art Deco period. This wing added another 24 rooms, large Kitchen and Dining room to the facility.
Additional supporting buildings offer further accommodation options that have only recently been utilised by the current operators. Potential plus!
Owners Accommodation
Detached and offering 3 bedrooms.
Features
Nestled upon an elevated established site overlooking Waitomo Village, the Waitomo Caves Hotel is the regional icon that has been associated with the Tourism Industry since 1905. Set within picturesque grounds this unique and historical hotel is only a leisurely stroll away from Waitomo Caves and the adventure activities sustained by one of the country's most sort after tourist attractions.
With an old world charm, of appeal to the conference and wedding venue markets, the solid business platform established by the current owners has significant upside potential outside peak seasonal demand. This is a business opportunity that will appeal to purchasers seeking the financial surety of a capped rental stream coupled with the business demands generated by a time proven tourism attraction.
Big city performance within a country setting. Highly recommended viewing.
Lease
10 year initial term with 1 x 15 year ROR. The final expiry date is 31 January 2025. The lease is available to view via the downloads panel. Please contact the broker for the password.
Financials
Financial information is available upon enquiry to interested parties.
For further details, please contact Dean Tutton on 021 222 2292, dean@resortbrokers.co.nz
Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.
