Travelodge Wellington - SOLD

Your search results
Sold for 19,000,000 NZD Date of Sale: February 2016
Rooms: 132
Price Per Room: 143,939 NZD
Property Id : 31343

Travelodge Hotel Wellington is a modern 132 room 4 star Qualmark rated hotel located in the centre of the Wellington CBD. The Hotel originally formed part of the Plimmer complex, which occupies a prominent site at the intersection of Boulcott Street and Gilmer Terrace, comprising a multi-story commercial office tower and 662 bay car park building. However the property was subdivided by way of a volumetric freehold title and the hotel, office and carpark buildings sold to separate entities.

The Hotel, which sits on top of a six level retail building (forming part of the commercial office tower), was originally constructed in 1986 with 94 guest rooms, and underwent a $11 million retrofit in 2008/09, with an additional 38 guest rooms added. Other amenities include conferencing facilities, restaurant, bar, and back of house facilities.

The Hotel was sold subject to a new management agreement to TFE Hotels for a period of 10 years. Termination is available after year 5, with compensation payable to the operator should the termination provision be exercised.

Dean Humphries

National Director - Hotels New Zealand
click to enable zoom
loading...
We didn't find any results
open map
View Roadmap Satellite Hybrid Terrain My Location Fullscreen Prev Next

Latest Sold Hotels

Hotels & Resorts
Sold By

Four Points By Sheraton Melbourne Docklands

96,000,000 AUD
351,648 AUD per room
273details

Sale Date: February 2024
Hotels & Resorts
Sold By

Torbay Hotel Torquay, Devon

Sold off a guide price of GBP 4,950,000
111details

Sale Date: January 2024
Hotels & Resorts
Sold By

Mercure Sunshine Coast Kawana Waters, Birtin...

Contact Agent
81details

Sale Date: January 2024
Hotels & Resorts
Sold By

Stanton Manor Hotel, Wiltshire

1 GBP
per room
23details

Sale Date: January 2024
Colliers Hotels

Compare Listings