• Selling the land and buildings only

• Rotorua CBD location

• Long-term lease to an experienced tenant

• International Quest hotel franchise

• 2% annual increases plus market reviews

A high-profile city centre property housing one of Rotorua's top-rated hotels is now on the market. Located at 1192 Hinemoa Street, the freehold property features a repurposed office building home to Quest Rotorua Central, an award-winning 4-star serviced apartment hotel.

The property generates a combined annual rental income of $627,557 + GST, with Quest leasing the majority through to 2037 and Rotorua Chamber of Commerce occupying a ground-floor office. The next rent review is scheduled for 2027. The hotel lease includes 2% annual rent increases and five-yearly market reviews.

The 2,285sqm (approximately) building sits on 910sqm (more or less) of land and includes secure basement carparking plus additional outdoor carparking. Repurposed in 2012 to suit Quest's specifications, the four-level complex comprises 36 modern serviced apartments ranging from studios to two-bedroom units (25-60sqm). Amenities include cooking and laundry facilities, and some units boast private balconies and spa pools. The zoning (Commercial G) and the Council's District Plan permit the potential addition of four more levels, which could accommodate approximately 48 extra hotel rooms.

Quest Rotorua Central enjoys a prime CBD location close to major attractions and business hubs, catering to corporate and leisure travellers. With a 4.8/5 Tripadvisor rating, it has been named as Trip Advisors best hotel in New Zealand and featured in Trip Advisors Top 10 in the South Pacific region.

Backed by Quest's robust brand with over 160 locations across Australasia and the UK, this asset combines comfort, convenience, and long-term growth potential. The building has a seismic rating of 67% NBS.

Rotorua's strong tourism appeal, central location, and growing population (now 58,800, up 20% since 2013) provide investors a strategic edge. Tourism spend continues to rise, with economic goals targeting $490 million in annual visitor spending by 2026/27.

Offered by international tender through Bayleys, this is a rare opportunity to secure a standout investment in New Zealand's tourism heartland.