* 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.
All information is in Canadian currency.
Seller Reference #1126
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service
before responding to any ad on our website.