Location: Along the Arrow River, Arrowtown, Queenstown, South Island, New Zealand
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
Brand/Management: Both free to new owner
Financials: available upon signing NDA
Current Owner: Private family
Agent: Sale by Auction February 27th via Ray White NZ. Prior bids accepted
Guide Price: Difficult one! Land value alone is NZ$4.5m one needs to speak to the agent out there, which THPT will put you in touch with.
Date Posted: February 2020
THPT Comment: This is a great opportunity to acquire this small boutique hotel, with a great reputation and plenty of land for growth, in Queenstown, South Island NZ.
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This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
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The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.