Popular franchised hotel located in a major city center that has a 10+ year history of doing 60% occupancy. This hotel is in very good condition and a buyer will confirm there are no major CapEx requirements for the near future, normalized reserves should be expected.
Last 4 years over $2M in revenues. NOI of $710k.
2013 - $2,110,712
2014 - $2,105,765
2016 - $2,073,738
Situated on 1.29 acres, serviced by city water and sewer, originally built in 1997, additional rooms added in 2012.
All financial information and asking price in Canadian funds.
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