New Zealand is renowned as a lifestyle holiday and beach-resort destination with a number of exclusive waterfront property developments available for investors including new hotels, elite residential properties, condominiums, apartments and luxury retirement villages.
TPS Capital is seeking the interest of investor/s to develop a number of hotels situated in prime regional locations within easy driving distance of Auckland City. The proposed new hotel development/s are seen as an ideal opportunity for astute investors to capitalise on the growing awareness of New Zealand as an attractive destination for overseas tourists, as well as catering for increased demand from the domestic market.
For the first hotel, the land allocated for the development has an underlying value of US$5 Million to US$8 Million. It is in a prime waterfront location and has all the appropriate local government resource consents approved. The development company is looking for a cornerstone investor to take an approximate 75% share as a joint venture under a new Special Purpose Vehicle (SPV) agreement. Participation in the SPV would be envisaged as a syndicated share in a property owning company with entitlements that are able to be freely traded. The total capital requirement for the hotel, including the land, is US$45 Million to US$50 Million. The hotel would be leased to a recognised international hotel operator.