Introducing Vezstar
Vezstar offers investors a structured way to invest in short-term rental properties (STR).
Our objective is to build and operate a professionally managed portfolio of well-located, feature-rich residential properties designed for short-term accommodation. Through active management and dynamic pricing, we aim to generate income levels above those typically achieved through traditional long-term residential rentals.
We have already started building our portfolio with our first property located in central Hamilton, which has been generating income from short stays since December 2025.
Current Portfolio
Vezstar has already commenced operations with its first property located at 21/391 Victoria Street, Hamilton Central. The property has been fully operational as a short-term rental since acquisition.
Since Acquisition
The property has achieved 85% occupancy since commencing short-stay operations
It is an Airbnb Guest Favourite, with an average 4.86-star rating from more than 70 reviews.
Bookings include both leisure and business travellers, with predominantly multi-night stays.
This performance provides live operating data supporting Vezstar’s STR model in the Hamilton market.
Growth Strategy
Capital raised through this Offer will be applied toward acquiring additional properties.
Target properties have already been identified within Hamilton. Our immediate focus is to establish a concentrated portfolio within the Hamilton CBD and surrounding high-demand locations to benefit from:
Corporate travel demand
Event-driven accommodation demand
University and regional business activity
Tourism and domestic travel
Hamilton has been chosen as our starting market deliberately. Airbnb data shows it has minimal seasonal demand fluctuations, strong domestic demand from the business sector, proximity to major tourism activities, major annual events, a large university, and a major hospital, providing multiple independent, year-round demand sources.
Over the next five years, Vezstar intends to scale its operating model beyond Hamilton and establish itself as a nationwide short-term accommodation operator, targeting a portfolio of at least 50 properties with a stretch goal exceeding 100. Future acquisitions will be funded through regular offers of new shares on the Catalist Public Market.
Why Short-Term Rental
Rather than relying on fixed weekly rent, the short stay approach allows for flexible, dynamic pricing that responds to corporate travel, events, and seasonal demand. It attracts both corporate and holiday guests, and gives us the ability to adapt to changing market conditions. Vezstar targets properties capable of delivering 1.5 to 2.0 times the income of an equivalent long-term rental on conservative assumptions.
Vezstar can be thought of as a "virtual hotel". A singular brand offering a wide range of upscale to luxury residential properties that cater to families, couples, solo travellers, and business guests alike, without the constraints of occupying a single building.
Why Vezstar
Vezstar is professionally managed through a centralised structure, already has real operating performance in place, and is taking a disciplined approach by building first in Hamilton before expanding further.
Every property must meet strict acquisition criteria before purchase including a minimum of three independent year-round demand drivers, proximity to established accommodation hubs, modern construction, and favourable pricing relative to STR revenue potential.
Properties are also deliberately targeted in geographically clustered zones, so cleaning, linen, maintenance and guest services can be centralised as the portfolio grows, keeping costs down and quality consistent.
Unlike the majority of STR accommodation in New Zealand, which is offered seasonally or part-year by individual owners, Vezstar operates on a continuous, professionally managed basis.
Operating Model
Vezstar operates through a structured and professional management framework designed to deliver consistent guest experience and operational efficiency.
This includes:
Professional guest communication and booking management
Established cleaning and maintenance systems
Dynamic pricing tools to respond to market demand
Active management of body corporate relationships
Ongoing review management and platform optimisation
Geographically clustered properties, enabling centralised servicing that lowers costs and improves consistency as the portfolio grows.
Our focus is on disciplined operations, strong guest satisfaction, and maintaining asset quality across the portfolio.
The Offer
Vezstar is offering investors Redeemable Preference Shares (RPS) and Ordinary Shares, issued at $1.00 per Share.
Each new investment is allocated 65% to RPS and 35% to Ordinary Shares, providing a combination of income and potential long-term growth.
Redeemable Preference Shares the Board has currently set the Preferred Dividend rate at 8.95% per annum, intended to be paid quarterly subject to the Companies Act solvency requirements. The Board currently intends to redeem the RPS on 1 December 2031 at $1.00 per Share. Redemption is at Vezstar’s option.
Ordinary Shares no dividend is currently intended. These Shares are designed to provide exposure to potential increases in the value of Vezstar and its Property Portfolio.
Aspire Pro Enterprises, the Manager, has agreed to forego the Base Management Fee for 24 months from 25 September 2026 to support the growth of Vezstar.
The Manager may earn an annual Performance Fee where Total Shareholder Return (TSR) exceeds 8.0% per annum. Any Performance Fee is paid 50% in cash and 50% in new Ordinary Shares, with the Manager required to hold those Shares for a minimum of five years.
Both share classes carry equal voting rights. Once issued, the two classes can be traded separately through Catalist, and Shareholders are not required to maintain the 65%/35% proportion. Vezstar intends to hold quarterly Secondary Market Trading Events, although the ability to sell Shares will depend on there being willing buyers.
From the Directors
We established Vezstar with a long-term mindset.
Our focus is on disciplined growth, thoughtful capital deployment, and building a portfolio that is managed professionally and responsibly. We are committed to maintaining strong governance, clear communication with investors, and careful selection of properties aligned with our strategy.
We recognise that short-term rental income can vary over time, and we approach each acquisition with prudence and data-informed decision making.
Thank you for taking the time to review this opportunity. We encourage you to read the Information Memorandum carefully and consider how Vezstar may fit within your broader investment portfolio.
Vezstar Limited is an operating property business.
All investments carry risk. Information on this website is general in nature only and is not intended to be financial advice.
Any offer of shares is made under the Information Memorandum.
Investors should review the Information Memorandum and seek independent advice before making any investment decision.
