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Asking Price$5,675,040
RevenueUndisclosed EstablishedUndisclosed
Cash FlowUndisclosed EmployeesUndisclosed
FF&EUndisclosed* FranchiseNo
InventoryUndisclosed* RelocatableNo
Real EstateUndisclosed* Home-basedNo
* Included in Asking Price
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 full management staff in place.

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.

$7,200,000

All information is in Canadian currency.
Ad #97983
Seller Reference #1126
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Contact This Seller
Tim Blais, BBA, CMEA
Gateway Business Brokers
1-902-441-9589
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