|AMAZING INVESTMENT OPPORTUNITY! 62 ROOM HOTEL - $3M SALES|
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:
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.
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.
For more information please contact Tim Blais
Gateway Business Brokers
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