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Details

Jan 2, 2019Location
South Eastern British Columbia

Description

This 90 room Franchised Hotel is located in an important commercial district of British Columbia. Local population is approximately 20,000, accessible by major highway and airport.

Room Types:
Double queen - 35+
Queen Bed with Pull- out Sofa
King Bed Guest Room - 40+
Kitchenette Room
Kitchen Suite

Full overview is available to qualified buyers after NDA is signed.

* In order to move forward with this deal, a minimum equity of $2,400,000 is required.

Financial Information

Most recent 12 months room revenues $1.6M, with occupancy of 54%. This period represents a 29% occupancy increase over the previous period given the improvements in the reputation following the renovation. Expectation in 2018 is for continued growth.

Minimum Equity Required
$2,400,000

Real Estate

Excellent location and accessibility
Full Renovation complete in 2015
1.975 acres of land
Fully city services - water, sewer, storm sewer, gas, electricity, and telephone. The subject neighbourhood also has good exposure.

Price
$5,900,000

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