Interest peaks in Hanmer Springs luxury accommodation lease

The business lease underpinning an awardwinning luxury accommodation offering has gone up for sale in one of New Zealand’s leading alpine resorts.

The St James Premium Accommodation business offers upmarket stays in a stylish complex with stunning mountain views in Hanmer Springs.

At the centre of the resort at 20 Chisholm Crescent, the complex is a five-minute walk from Hanmer Springs Thermal Pools and Spa.

Operated under a lease, the business has built up a market-leading reputation and strong revenues at the top end of the local accommodation market during its first decade under the current operator.

The business lease is now being marketed for sale by negotiation through Bayleys Canterbury and Bayleys’ specialist hotels, tourism and leisure sales team.

Salesperson Lindsay Petty said the profitable business offered hotel-style lodgings in a Qualmark five-star Gold level property close to shops, restaurants and the famed hot pools.

The complex won national recognition as ‘Best Motel’ in the Hospitality NZ Awards in 2018 and 2019. For the past two years, it has also held a No.1 travellers’ choice ‘best of the best’ ranking on Tripadvisor.

Petty said the business lease agreement had a further 24 years to run, with final expiry in 2045. Business assets included buildings with a total floor area of some 864sq m on a 1904sq m leasehold site with 18 carparks.

The accommodation complex was built around 10 years ago, designed in keeping with the alpine environment. It contains 16 architecturally designed, stylishly furnished units — seven deluxe studios, five executive spa studios and four one-bed spa suites.

The site is zoned Commercial (8H) by Hurunui District Council.