The subject property is a 2 storey 58 room Super 8 franchised hotel. The property was built in in 2000 and has seen updates since.
There is a major $400M project starting Q2 of 2017 and strategically located just 2km from subject property. This project will be the world’s largest producer of peas, with around 30 per cent of the total global production. See more about this project at: goo.gl/sTbFA7
The new owner of this will enjoy 3 or more years of very strong cash flows as the property is anticipated to be operating at maximum capacity. We recognize the strength of the operations are likely to subside once the project is complete, as such, we believe the property is very competitively priced. The benefits to a new owner with this cash flow will be to amass a large amount of cash to either invest in other properties or to significantly reduce debt.
- business room & centre
- pool and waterslide
- on-site guest laundry
- breakfast room
2016 - $1,309,156
2015 - $1,304,371
Full financial overview available to qualified buyers upon signing of NDA. Minimum equity required is expected to be 40% of negotiated purchase price.
Location is ideal for the market, just off the Trans Canada Highway as you are entering town
Situation on 3.4 acres of land, major commercial district
Serviced by town water and sewer.
All information in Canadian currency.
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