The iconic County Hotel, located in Napier’s Art Deco capital, is now on the market. This historic, three-level boutique hotel at 12 Browning Street is the region's sole remaining example of Victorian-Edwardian classical architecture, having survived the 1931 earthquake. The County Hotel features 18 spacious, beautifully appointed guest rooms. Its popular Wine Street restaurant and Churchill bar offer exceptional dining experiences, including alfresco dining with a north-westerly aspect. The hotel also provides versatile event spaces, including the Churchill private dining room, a boardroom, and a charming basement cellar that can accommodate up to 50 people.
The hotel is perfectly situated, just 100m from the waterfront and 300m from the town centre, making it a favourite among locals and tourists alike. The County Hotel boasts a strong customer base, with significant domestic and corporate clientele, supplemented by high-yield international visitors during peak seasons.
New owners have multiple opportunities with this property. It can continue to operate as an independently owned and managed boutique hotel and hospitality business as a freehold going concern. Alternatively, there is potential to lease the hotel or its hospitality businesses, providing a passive investment opportunity. Additionally, there is a vacant 534m² parcel of land opposite the hotel, currently used for parking for up to 23 vehicles, that can be developed further.
Napier is experiencing significant growth as a tourism destination, known for its 1930s Art Deco architecture, world-renowned wineries, and beautiful coastline. The city hosts numerous events and festivals, drawing large crowds and contributing to the local economy. Napier and the wider Hawke's Bay region have seen impressive tourism expenditure growth, supported by a strong local economy with diverse industries ranging from agriculture and forestry to manufacturing. The County Hotel has a Grade B seismic rating, meeting at least 70% of the New Building Standard and occupies 1,480m² of internal space on a 574m² freehold site. The property includes essential facilities such as a commercial kitchen, managers accommodation, and ample street parking with additional third-party options.
Contact your Colliers agent for further information.
Features:
* Turn-key opportunity, for sale as a FHGC
* Iconic 18 room hotel
* Superbly located in heart of Napier CBD
* 70% NBS seismic rating
