Safari Group is pleased to present another unique property development – Ramada Suites Albany, a fully managed boutique 4 star development situated on Auckland’s North Shore.
Ramada Suites Albany comprises 66 furnished units, 18 residential apartments and 11 retail shops. 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.
The project is due to begin construction in later 2015 for completion in February 2017.
Safari Group (NZ) Ltd is offering the opportunity to purchase 66 investment units. 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 6.6% 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 Suites Albany 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.