The Sebel Auckland Manukau hotel is being presented to the market for sale, offering prospective purchasers the opportunity to acquire a high-performing asset in a rapidly growing location.
Sitting on a 4,000sq m landholding at 16 Lakewood Court, Manukau, the 152-room purpose-built hotel operates under the globally recognised Accor-managed Sebel brand pursuant to a long-term management agreement.
The 4-star-plus offering features three different room types spread across six levels and includes 60 on-grade car parks.
The hotel’s food and beverage offering is centred around Ora Bistro, located on the ground floor. The restaurant currently accommodates approximately 40 patrons, but the dining area has capacity for additional seating for another 40 people and can be configured for private functions and corporate events.
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Occupying a prominent position in South Auckland, the hotel enjoys extensive exposure to the Southern Motorway, providing high levels of visibility. Its strategic location in the heart of central Manukau means it is less than five minutes from the multi-purpose Due Drop Events Centre and only 15 minutes from Auckland Airport.
The property is zoned Business – Mixed Use Zone under the Auckland Unitary Plan.
Nick Thompson, National Director of Hotels at Colliers, has been exclusively appointed to market the property for sale by way of expressions of interest closing at 4pm on Thursday 24 September.
Thompson says this modern hotel presents in as-new condition and has established itself with a stable trading base from a broad mix of guests.
“The management agreement structure provides investors with exposure to one of the world’s leading hotel operators while retaining ownership of the underlying real estate asset,” Thompson says.
“The hotel benefits from a good mixture of clients given its proximity to key local infrastructure and Auckland Airport.
“Accor currently operates the largest hotel portfolio in New Zealand, with an extensive network of branded properties across the country.”
Manukau continues to undergo significant change that is supported by major investments in housing, transport services, public amenities, and commercial development.
The area is now more accessible through bus and rail connections, while being known as an education, employment, and healthcare hub that is anchored by the Manukau Institute of Technology, AUT’s Southern Campus, Middlemore Hospital, and the Wiri industrial and logistics precinct.
Looking at the broader hotel market, Thompson says Auckland has performed strongly this year, underpinned by a rise in high-profile events such as concerts and sports fixtures at Eden Park with more on the horizon like next year’s State of Origin rugby league clash.
“Occupancy rates across the city’s hotel inventory have risen from last year’s level with the average daily room rate also rising.
“The current exchange rate makes New Zealand a popular inbound tourist destination for international travellers and Auckland remains the principal international gateway and primary commercial centre of the country.
“There is also considerable appetite among investors seeking acquisition opportunities on our shores and this top-quality hotel will draw the attention of buyers seeking to invest capital in New Zealand.”
- Supplied by Colliers
