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Backpacker lodge for sale a business opportunity Backpacker lodge for saleturns out to be a business opportunity at the rainbow’send The landand buildings housing the Rainbow Lodge backpackers’accommodation hostel in one of New Zealand’s biggesttourist destinations, Taupo, has been placed on the marketfor sale. The land and buildings housing abackpackers’ accommodation hostel in one of NewZealand’s biggest tourist destinations has been placed onthe market for sale. Rainbow Lodge backpackers sits onedge of Taupo’s central business district, and is licensedto sleep up 68 people. The lodge buildings are situated onapproximately 2,866 square metres of freehold land splitover two adjoining land titles zoned for high densityresidential use. Rainbow Lodge’s 20-room inventory isconfigured to support a range of occupancies – rangingfrom single-sex and mixed gender bunk style dormitories andsingle rooms, through to stand-alone share twin and doublerooms. Adjacent to the commercial accommodation amenitiesis a two-bedroom owner/managers home and a one-bedroom flatwhich can either be let out totally separately from thebackpacker inventory, or utilised as staffaccommodation. Guest services within the Rainbow Lodgebackpackers business include: • A fully-equipped kitchenwith extensive food preparation benching and all crockeryand cutlery • Heavy-dutylaundry facilities for washing and drying clothes. The Rainbow Lodge backpackers land and buildings at99 Titiraupenga Street are being marketed for sale by tenderthrough Bayleys Taupo, with tenders closing at noon on June27. Bayleys Taupo salesperson Gary Harwood said there wasalso the option to purchase the business as well as the landand buildings.
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“Clothing and textiles is one of the biggest export categories in North Korea, along with mineral manufactured products," says Kim. The country’s garment and textile industry was estimated to be worth $725 million in 2016, a substantial proportion of its economy, and even with sanctions in place, apparel manufacturing employs a significant number of North Korean citizens in state-run factories around the country. This is largely due to the fact that the textiles category was not included in the UN sanctions list until September of last year. Peace — or progress toward peace — is certainly not a foregone conclusion at a summit between two of the most unpredictable leaders in modern history and clearly the challenges that lie ahead before North Korea can re-join the international community are huge. Even in a post-peace scenario, there would be serious and protracted risks related to investing in North Korea. While China and South Korea both have a vested interest in keeping North Korea in a relatively stable condition — not least to lower the number of people trying to escape across the border into their own territories — neither country is able to control the volatility of North Korea’s leadership. At the end of the day, consumers mainly care about price. “Inter-Korean relations, and relations between North Korea and the major regional and world powers, means that investing in facilities in the North could lead to bouts of major uncertainty for the companies involved,” says a spokesperson from market research firm BMI. “Foreign firms investing in North Korea would inevitably have to brace for uncertainty if South Korea elects a conservative president (one less friendly to the North) in 2022, or if the anticipated ‘denuclearisation’ process (which probably won’t happen as the US envisages it) stalls.
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