Safari Group (NZ) Ltd is pleased to present another unique property development – Ramada Hotel and Suites Newmarket superbly located in Auckland, New Zealand.
With construction due to commence early 2019, Ramada Hotel and Suites Newmarket comprises 63 serviced apartment suites and 63 residential apartments. To ensure maximum returns to investors and flexibility for the operator to drive revenue, some of the units are designed to provide dual key options.
This property will be branded and franchised by the Wyndham Hotel Group, the world’s largest hotel group, under the Ramada brand. We offer investors the opportunity of a commercial lease to the Ramada franchisee for a maximum term of 30 years, with up to 6.5% guaranteed gross return (including free-stay allocation) with fixed annual rental increases from the end of year 3. Returns are secured by a commercial lease and commercial guarantees.
Ramada Hotel and Suites Newmarket presents superbly appointed apartments offering the highest level of quality, service and surroundings, which only a few discerning investors will have the privilege of owning.