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The sale of this 2 storey hotel, single fixed roof building, concrete construction, is being structured as a sale of shares. The property is in excellent condition and has seen in excess of $600k in Capital improvements in the past 4 years.
A full package and overview will be provided to a qualified buyer. The minimum expectation is for a prospect to prove not less than $1.2M in equity before release of information.
Average annual room revenues for the past 6 years = $1,290,000
Fiscal 2017 revenues are on track for $1.4M - $1.5M
Normalized EBITDA for the past 6 years = $375k
Expected EBITDA for fiscal 2017 = $400k+
Room revenues are well diversified, from commercial/professionals, contractor, tourism, and sporting teams.
Hotel property sits on approximately 2.4 acres, offering highway frontage, and is serviced by city water and sewer. Additional, neighbouring parcel of land, is approximately 2 acres.
The property is concrete construction, single fixed roof, interior corridors.
- Renovated rooms and lobby
- Breakfast room
- nearly $600k in recent expenditures.
- ample parking for all vehicles
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