McCrae Real Estate is continually on the road and talking to motelliers about the industry. We bring you our years of experience and 'open ears' to inform you of the latest information pertinent to the industry.
|
|
I am often asked be members of the public what is the size of the motel industry in New Zealand. The Motel Association of New Zealand has currently 950 members covering 65% of the industry. The figures below are a generalization as so many variable aspects come into effect as location, presentation, the market being aimed for etc. Motelling is an ideal industry for couples who wish to work together.
- A motel may cost anywhere between $350,000 for a small 10 units or fewer to $1.5 million for a motel with upwards of 50 units depending on location & presentation.
- Annual revenue is typically $300,000 - $650,000 although the bigger motels will earn considerably more.
For further information regarding motelling do not hesitate to contact Malcolm McCrae
Tele 06 357 7743 email:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
|
|
Last Updated ( Tuesday, 13 September 2011 11:48 )
|
|
|
New GST Rules – Land Transactions Zero-Rating |
 |
 |
 |
|
The new GST Rules information has been supplied by Thompson + Partners Ltd - Chartered Accountants, Palmerston North Ph (06) 356 5301
New GST rules were introduced 20 December 2010 and apply to land sales on or after 1st April 2011. These changed were enacted under the Taxation (GST and Remedial Matters) Act 2010. The key feature of the changes is that GST registered vendors of "land" are required to charge GST at the rate of 0% on any supply of land to a GST registered purchaser provided certain conditions are met.
|
|
Last Updated ( Thursday, 14 July 2011 22:09 )
|
|
Read more...
|
|
Manawatu Motel Association - Public Seminar 25th May 2011 |
|
|
|
|
This was very well supported with 31 people attended showing interest in the motel industry.Guest speakers were Motelier Keith Wiggins from Harrington's Motel who gave an excellent review on what to expect when you buy your first motel, Kirston Kupa Solicitor from Fitzherbert Rowe looking at the legal aspects of purchasing a motel including lease documents and public accountant John Whitehead on how to read financial statements and to look for any discrepancy and myself as the Motel Broker on assisting people to purchase a motel. |
|
Last Updated ( Thursday, 14 July 2011 22:18 )
|
|
Read more...
|
|
|
Visitor numbers in Wellington up 12% |
|
|
|
|
An extra 7,000 visitors staying in Wellington, hotels,motels,and Backpacker lodges increased 12% in April compared with the same month last year. Positively Wellington Tourism said the international numbers in April were boosted most by Australians coming for short stays.
The latest international visitor survey for Wellington shows figures for May were up 13% on a year ago, the vast majority from Australia. In the 12 months to May, Australian arrivals in Wellington were up 9% to almost 120,000,
Positively Wellington Tourism said the city would be featured on prime-time television in Australia next month.
Now is the time to enquire about motels in the Wellington area |
|
Last Updated ( Sunday, 26 June 2011 11:30 )
|
|
International tourist numbers rebounded more than expected in April, following a slump after the Christchurch earthquake in February, but visitor numbers from north Asia are still half those of April last year. Nationally seasonally adjusted visitor arrrivals rose 8% between March and April 2011. According to Statistics New Zealand figures. This is great, tourists returning to New Zealand. |
|
Last Updated ( Saturday, 21 May 2011 12:59 )
|
|
|
|
|
<< Start < Prev 1 2 3 4 5 Next > End >>
|
|
Page 1 of 5 |
McCrae Real Estate Limited MREINZ is a hospitality business and investment broking service specialising in the motel industry in whom you have total confidence.