New Zealand’s Historic 4-Star Arrow Hotel For Sale by Auction
Name: Arrow Hotel
No. of Keys: 5 luxurious guest apartments
The Property: Comprising more than 6,000 sqm of commercial, accommodation-rated land, the site currently includes five modern townhouse-style rooms/buildings; a historic stone Croft reception area, office, manager’s house and workers accommodation.
An opportunity to own a historic New Zealand hospitality venue is being offered for the first time. Situated along the sparkling Arrow River, the Arrow Hotel embodies the tranquillity of its setting, while offering untapped potential.
Cameron Reed, of Ray White Queenstown, said the prospect of adding value to what was already there would be exciting for potential buyers. “It’s only ever been run as a boutique hobby hotel, so I think the potential it carries is probably its biggest draw-card,” he said.
“You can’t go to Arrowtown and buy 6,000 square metres of land. “It just doesn’t exist.” Nestled below the peaks that surround the Arrow River, Arrowtown is known for its small-town heritage buildings and famed nature trails.
The gold rush village has previously served as a base for international ski teams, due to its proximity to Queenstown. Mr Reed said Queenstown’s growing tourist population meant the Arrowtown Hotel had plenty of upside for hospitality vendors.
“Those with a hospitality background will definitely see the positives of this investment,” he said. “I think it will also suit someone who wants to come in and run as its currently being run, but then slowly develop it over time.”
There are five cleverly designed, spacious apartments that receive constant praise from our guests. In room 4k Smart TVs, Nespresso coffee machines, sliding glass doors that can shield or reveal the bath from the bed for privacy or mountain views, a secret cupboard for delivery of breakfasts are just some of the attention to detail in the rooms.
The suites retail at over NZ$315 per night. Full planning report available.
Main Photo: The Apartments