Leisure Assets Valuation Services

Seagars provides specialist valuations for leisure and tourism properties throughout New Zealand. Our experienced valuers understand the unique characteristics of hospitality and accommodation businesses, combining property valuation expertise with business assessment capabilities.

Our Leisure Property Expertise

Hotels and Motels

Comprehensive valuations for:

• Budget accommodation
• Mid-range hotels and motels
• Boutique hotels
• Large hotel complexes
• Serviced apartments
• Backpacker accommodation

Holiday Parks and Camping Grounds

Expert assessment of:

• Tourist parks
• Motor camps
• Camping grounds
• Mixed accommodation parks
• Top 10 Holiday Parks
• DOC concession properties

Tourism Accommod ation

Specialized valuations for:

• Lodges and retreats
• Bed and breakfast operations
• Farm stays and homestays
• Eco-tourism accommodation
• Short-term rental properties

Hospitality Venues

Assessment of:

• Restaurants and cafes
• Bars and taverns
• Function centers
• Entertainment venues

Tourism Attractions

Valuations for:

• Activity centers
• Adventure tourism operations
• Cultural attractions
• Entertainment facilities

Why Choose Seagars for Leisure Valuations?

Specialized Knowledge

Our leisure property valuers understand:

• Hospitality business operations
• Revenue management principles
• Seasonal variations
• Market cycles
• Tourism trends
• Operator requirements

Business and Property Assessment

Comprehensive analysis of:

• Trading performance
• Occupancy rates
• Revenue per available room (RevPAR)
• Operating costs
• Business goodwill
• Property condition and facilities

Market Intelligence

Deep knowledge of:

• Tourism industry trends
• Regional accommodation supply
• Demand patterns
• Investment markets
• Operator requirements

Valuation Methodology

Business Enterprise Approach

Analysis of total business value including:

• Maintainable earnings assessment
• Business multiple application
• Goodwill valuation
• Plant and equipment
• Real property component

Income Capitalization

Assessment based on:

• Stabilized net income
• Market capitalization rates
• Revenue analysis
• Operating expense ratios
• Comparable investments

Comparable Sales

Analysis of recent leisure property sales, adjusted for:

• Business performance
• Location and facilities
• Property condition
• Market timing
• Growth potential

Summation Method

Component assessment of:

• Land value
• Building improvements
• Plant and equipment
• Business goodwill
• Stock and supplies

Factors Affecting Leisure Property Values

Location Factors

• Tourist destination appeal
• Accessibility and transport
• Proximity to attractions
• Local amenities
• Competitive position
• Seasonal demand patterns

Business Performance

• Historical trading results
• Occupancy rates
• Average daily rate (ADR)
• Revenue per available room
• Operating profit margins
• Management quality

Property Factors

• Accommodation unit numbers
• Room quality and condition
• Facilities and amenities
• Maintenance standards
• Upgrade requirements
• Land area and potential

Market Conditions

• Tourism trends
• Economic conditions
• Exchange rates
• Domestic vs international mix
• Competition
• Regulatory environment

Common Uses for Leisure Valuations

Purchase and Sale

Independent valuations supporting:

• Business acquisitions
• Informed negotiations
• Due diligence
• Purchase price allocation

Banking and Finance

Valuations for:

• Business purchase lending
• Refinancing
• Mortgage requirements
• Asset-backed lending

Financial Reporting

Compliance valuations for:

• Annual financial statements
• Business accounts
• Company audits
• Trust reporting

Business Planning

Supporting:

• Expansion decisions
• Refurbishment planning
• Performance benchmarking
• Strategic planning

Insurance

Accurate valuations for:

• Building replacement costs
• Contents and equipment
• Business interruption coverage
• Loss of profits insurance

Partnership Matters

Valuations for:

• Partnership agreements
• Buy-sell situations
• Dispute resolution
• Estate settlements

Regional Expertise

Leisure property valuations throughout New Zealand including:

Northland

• Bay of Islands tourism
• Coastal accommodation
• Holiday parks

Auckland

• City hotels
• Airport accommodation
• Suburban motels

Coromandel & Bay of Plenty

• Beach resorts
• Holiday parks
• Tourism lodges

Rotorua

• Tourism accommodation
• Thermal attractions
• Activity centers

Central North Island

• Ski field accommodation
• National Park properties
• Adventure tourism

Other Regions Network of valuers nationwide

Business Analysis Components

Revenue Assessment

Detailed analysis of:

• Room revenue
• Food and beverage sales
• Other income sources
• Seasonal patterns
• Growth trends
• Market positioning

Operating Expenses

Review of:

• Staff costs
• Utilities and rates
• Maintenance and repairs
• Marketing expenses
• Management fees
• Insurance and compliance

Profitability Metrics

Assessment of:

• Gross operating profit
• EBITDA
• Operating margins
• Industry benchmarks
• Performance indicators

Occupancy Analysis

Evaluation of:

• Historical occupancy rates
• Seasonal variations
• Weekday vs weekend patterns
• Market segment mix
• Length of stay patterns

Property Assessment

Accommodation Units

Inspection and assessment of:

• Unit numbers and configuration
• Room sizes and facilities
• Condition and presentation
• Upgrade requirements
• Bathroom and kitchen quality

Common Facilities

Review of:

• Reception and lobby areas
• Restaurant and bar facilities
• Conference and function spaces
• Swimming pools and spa facilities
• Parking provision
• Recreational amenities

Maintenance and Condition

Assessment of:

• Building structure
• Services and systems
• Deferred maintenance
• Renovation history
• Capital expenditure requirements

Tourism Industry Knowledge

Understanding of:

• Visitor arrival trends
• Market segments (domestic, international)
• Booking platform impacts
• Online travel agencies (OTAs)
• Direct booking trends
• Review site influences (TripAdvisor, Google)

Regulatory Considerations

Assessment of compliance with:

• Building Code requirements
• Health and safety regulations
• Fire safety standards
• Liquor licensing (if applicable)
• Resource consents
• Food safety regulations

Holiday Park Specific Factors

Additional considerations for holiday parks:

• Site mix (powered, tent, cabins, units)
• Site occupancy rates
• Permanent vs casual sites
• Amenity facilities
• Camp store operations
• Recreational facilities

Hotel and Motel Factors

Specific assessment of:

• Star rating and grading
• Brand affiliation (if applicable)
• Management structure
• Distribution channels
• Group and corporate business
• Online reputation

Investment Market Analysis

Understanding investor perspectives:

• Yield requirements
• Management structure preferences
• Scale and size considerations
• Growth potential
• Risk factors
• Exit strategies

Professional Standards

All leisure property valuations comply with:

• Property Institute of New Zealand standards
• Business valuation best practices
• International Valuation Standards
• Banking requirements
• Accounting standards

Our Process

1. Initial Consultation

Discussion of:

• Property and business overview
• Valuation purpose
• Timeline requirements
• Information needs

2. Information Gathering

Collection of:

• Financial statements (3 years)
• Occupancy statistics
• Room rate history
• Property details
• Title information
• Operator information

3. Inspection

Comprehensive assessment of:

• All accommodation units (sample)
• Common facilities
• Business operations
• Property condition
• Competitive position

4. Market Research

Analysis of:

• Comparable sales
• Local accommodation market
• Tourism statistics
• Economic indicators
• Industry trends

5. Business Analysis

Detailed assessment of:

• Historical performance
• Maintainable earnings
• Business normalization
• Industry benchmarks
• Growth projections

6. Valuation and Report

Comprehensive report including:

• Executive summary
• Business description
• Property description
• Market analysis
• Financial assessment
• Valuation methodology
• Supporting evidence

Typical Timing

• Standard leisure valuations: 10-14 working days
• Complex properties: 2-3 weeks
• Multiple properties: Timeline dependent on scope
• Urgent valuations: Available upon request

Contact Us for Leisure Valuations

For expert leisure and tourism property valuations:

Phone: 09 377 3033 Email: admin@seagars.co.nz

Our specialized team combines property valuation expertise with business assessment capabilities to provide comprehensive leisure property valuations.

The Seagars Difference

With over 40 years of valuation experience, Seagars has valued numerous leisure and tourism properties throughout New Zealand. Our understanding of both property and business factors ensures you receive comprehensive, accurate valuations for these specialized assets.

When leisure property valuation expertise matters, choose Seagars.