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Amazing Commercial Package Opportunity In Kootenays For Sale

Creston, British Columbia
Asking Price:
$23,800,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Available on request

First time offered - Excellent investment opportunity to own a very successful franchise hotel and restaurant with additional businesses along with revenue from leased space. Newly built on 21.6 acres within town limits. Pristine 71 room Ramada hotel with conference room, 159 seat Ricky's restaurant adjacent to hotel, a 6,000 sq. ft. 5-bay retail space behind hotel including dry cleaning and other businesses in package. Huge potential for other developments on property that is ideally located at the junction of two major highways in the growing Kootenay area. Also on this site is a 26 full service newly developed R.V. sites and an outdoor stage in park-like setting that can hold up to 1,500 participants for events. All titles are clear with only one owner.

If interested, please contact the seller through the form on this page.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Hotel room or RV site

Location:

Located at the junction of two main highways that run from Alberta to Vancouver and is also part of the International Selkirk Loop, a 450 km scenic drive encircling the spectacular Selkirk Mountains in eastern Washington, northern Idaho and southeastern British Columbia. Once you’ve arrived at Kootenay Bay, relax and enjoy the longest free ferry ride in North America. If you slow down even for a moment while driving the remarkable Creston Valley and Kootenay Lake Route, you'll find something amazing - the hidden gem of the Kootenays.
The Creston Valley and Kootenay Lake Route, from the hamlet of Yahk-Kingsgate through to the Creston Valley and along the east shore of Kootenay Lake to the Kootenay Bay Ferry, isn't just a roadway connection from the coast of the west to the prairies of the east. The Route, tucked between the Purcells and Selkirks in the West Kootenays of British Columbia, calls for pause—connecting people to communities and communities to the land they love, between orchards and wineries, farm tours, glass house and glassy lakes. Centrally located in the Kootenays, this undiscovered gem is a quiet yet spectacular scene. To sun-drenched, fertile fields and sweeping mountain vistas. To velvety, star-strewn night skies and warm, gentle breezes. From the emerald cliffs of the Skimmerhorn Mountains to the diamond surface of Kootenay Lake, across orchards and vineyards, through designated wetland and wilderness teeming with life – this is the Creston Valley. Drive throughout this scenic valley and stop in at farms offering gate sales. The Creston Valley Wildlife Management Area designated a RAMSAR site is home to over 270 species of birds, mammals, fish & reptiles in 17,000 acres of preserved wetlands, complete with viewing towers, boardwalk, endless walking trails and guided canoe tours. The Creston Valley boasts three local wineries already, with tasting rooms and tours. There is also the Columbia Brewery (Kokanee) where you can tour and have your picture taken with the Sasquatch.

Premises Details:

This prime commercial opportunity is located on 21.6 acres of land with more than 3/4 of the land left for future development. Highway access to those travelling to an from Alberta and Vancouver cannot miss this site. Existing developments are strategically situated in order to maximize remaining use for future development. Easy access off Highway 3A, the site provides ample paved parking along with large grass areas and gravelled areas.

Size in square feet:
21.6 acres
Planning Consent:

Zoned Highway Service Commercial which presently includes: Hotel & Convention facility, restaurant an catering, Neighborhood pub, Entertainment use (including mini-golf, temporary stage or band shelter), personal services establishment, retail stores, mini storage, Auction sales, farm retail sales, retail liquor sales establishment, small-scale food processing (such as juice processing & bottling), financial services, gasoline Service station including minor maintenance & repair facility, health services, fitness centre, offices, wineries completely enclosed within a building, tourist services, residential in accordance with Section 2.5 of Bylaw 1123, Travel trailer courts, accessory buildings and structures to the uses permitted in this zone,

Business Operation

Expansion Potential:

Huge potential - basically a clean canvas to develop remaining acres.

Competition / Market:

The newest hotel in town is over 40 years old. There are no comparisons in this vicinity.

Reasons for selling:

Relocating

Trading hours:

24/7 for hotel - normal hours for restaurant, etc.

Employees:
50
Years established:
6.5

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Info available upon request

Other Information

Support & training:

To be discussed

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Partial financing available by owner

Website:
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