Signature Resort Hotel, Golf Course & Residential Development
Located in one of Atlantic Canada’s most recognized tourism areas, this diversified and growing hospitality business features a 79 room full service, self -contained hotel with multi-purpose dining and conference facilities. The business has generated $3,300,000.00 in sales over the past 2 years with an annual net ordinary income of $430,000.00; projected sales for 2016 are $3,900,000.00 with net ordinary income of $790,000.00. This is a seasonal (April to November) operation and features spectacular ocean views and vistas throughout the property. The asking price for the business including the hotel and its occupied parcel is $5,400,000.00. The business was established in 1983 and is recognized throughout Canada.
Two adjoining golf courses drive significant sales to the resort; an 18-hole course under lease and a 9-hole course which is owned by the business and also for sale. Also, contiguous to the existing resort operation is valuable real estate available for further development, offering a new owner multiple options to advance current plans or create a new vision for the property. The list price for the 9-hole golf course and real estate is $4,200,000.00.
This is truly a one of kind opportunity!
Asking Price $5,400,000
You May Also Like
New Franchise Hotel - Saskatchewan, Canada #354532 posted Apr 14, 2014
- Saskatchewan, Canada
- $9,300,162 ($12,500,000 CAD)
+ 20% return on buyer/investor equity (based on 10 year pro-forma). Outstanding opportunity is available for a passive investor(s) to acquire a new Franchise Hotel being developed and built by an experienced and reputable Hotel Development/Management company and a Builder with a proven track record....
Village Tavern #449904 posted Jul 20, 2016
- Alberta, Canada
- $223,203 ($300,000 CAD)
Opportunity to retire and own and run your own tavern! This property is located in rural Alberta, near a large industrial operation. It is a well established watering hole, clean, neat, nicely maintained and renovated. Spacious living quarters on the upper level for the owners.Four rental rooms for...
Hotel, Pub, Liquor Store With Property #383196 posted Jun 10, 2015
- British Columbia, Canada
Boutique 10 room Hotel, Pub, Liquor Store with Property. This unique offering is near Prince George, BC. There is a hotel, pub/restaurant, and a liquor retail sales (LRS) store with a drive through. Included in the sale is the business, the assets, and the freehold property. The pub and undergone...
Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.