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62 Room Hotel For Sale

Northern British Columbia, British Columbia
Asking Price:
$7,200,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$3,105,000 (CAD)
Cash Flow:
$1,200,000 (CAD)

62 unit hotel, fully renovated with Net Operating Income (NOI) in excess of $1.2M, is being offered as a sale of assets. The seller is open to a sale of shares, should the purchaser wish to take advantage. 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

Posted cash flow considered normalizing for R&M, Management, and Capital Expenditure at 4%, 3%, and 4% respectively.

The 3 storey, 35,400 sft, property is situation on a + or - 2.75 acre parcel of land
Food and Beverage Facilities: A restaurant and lounge with seating for 90+
Additional Facilities: vending area
Parking Spaces: + or - 80

There is additional undeveloped space at the property, 1000 sft section and a 2200 sft section, that would provide for the addition of a business / meeting room, owners quarters, guest laundry, etc.

Further information available upon request, please contact seller below for more details.

Property information

Real Estate:

Real Property Included

Location:

Northern British Columbia

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