AMAZING INVESTMENT OPPORTUNITY! 62 ROOM HOTEL - $3M SALES Real Estate

All Properties and Projects  -  Canada. This Property for Sale:  Description

AMAZING INVESTMENT OPPORTUNITY! 62 ROOM HOTEL - $3M SALES - For Sale in BC

62 Unit Hotel, fully renovated in 2014 with NOI in excess of $1M, is being offered as a sale of assets. The seller is open to a sale of shares, should the purchaser wish. This is an excellent opportunity for a hands on operator. Currently there is a

Hospitality real estate:

  • Country: Canada
  • State: British Columbia
  • City/Area: Northern BC
  • Website: http://www.gatewaybusinessbrokers.ca/businesses-for-sale/entry/911/
  • Asking Price: CAD - 7,200,000
  • Last updated d/m/y: 23/11/2017
  • To contact the hotel owner or agent:
  • more contacts may be provided by advertiser in description below
Financial Information

Revenues for the 12 months ending March 31:

2017 - $3,104,726. Room sales were $2,071,000
2016 - $3,113,887. Room sales were $2,017,000
2015 - $2,485,668. Room sales were $1,643,771

Net operating income in excess of $1.1M for the past 2 years.


Real Estate

The 3 storey, 35,400 sft, property is situated on a or- 2.75 acre parcel of land
Guest rooms: 62
Food and Beverage Facilities: A restaurant and lounge with seating for 90
Meeting Space: none, however, there are two spaces that can be developed into meeting space, guest laundry, or owner quarters, 1000 sft and 2200 sft respectively.
Additional Facilities: vending area
Parking Spaces: or - 80

There property is serviced with Town sewer and water.


Price

$7,200,000

For more information please contact Tim Blais
Gateway Business Brokers
902-441-9589

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