Discovery Lodge Queenstown

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Property Id : 31333
Price: 20,000,000 NZD
Rooms: 65
Sold for 20,000,000 NZD Rooms: 65
Price Per Room: 307,692 NZD

The 65 room (384 bed) Discovery Lodge Queenstown is one of only a handful of freehold accommodation assets located in the heart of the Queenstown town centre.  Built in 2004, the 3,200m2 building is located on a 1,000m2 parcel of land on Shotover Street and at the date of sale was leased to a major budget accommodation provider that has subsequently been relinquished.  CP Group who purchased the asset are looking to reposition the property to a luxury boutique hotel.

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Dean Humphries

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