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Fifty Plus Unit Okanagan Motel In Summerland For Sale

Summerland, British Columbia, Canada
Asking Price:
$4,499,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$500K - $1M (CAD)
Cash Flow:
$250K - $500K (CAD)

Retirement Sale. I am pleased to offer this 50+ Unit Motel in the heart of the Okanagan which has been in the same ownership for the last fourteen years! Located on Highway 97, a Summerland landmark just ten minutes from Penticton and less than one hour from Kelowna. Summerland is a summer playground renowned for its orchards, wineries, golf and of course beaches!

The Summerland Motel is well known for providing excellent hospitality, it has a wide variety of rooms, wonderful grounds with a swimming pool and barbeque area for guests, and it’s easy to understand why guests return year after year.

The current owner undertook a major expansion in 2008 adding f27 rooms in two new two story buildings. These rooms, in addition to the 23 existing rooms, have created a substantial high performing motel.

If you are considering an accommodation business in the Okanagan area of Beautiful British Columbia the Summerland Motel is a major opportunity not to be missed.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Manager's Suite

Location:

Summerland (2011 population 11,280) is a town on the west side of Okanagan Lake in the interior of British Columbia, Canada. The district is between Peachland to the north and Penticton to the south. The largest centre in the region is Kelowna, approximately 50 km to the north (via Highway 97), and Vancouver is approximately 425 km (264 mi) away to the west. The district is famous for "Bottleneck Drive", a system of roads connecting a large number of wineries.

Size in square feet:
1.4 Acres

Business Operation

Expansion Potential:

Yes

Reasons for selling:

Retirement after 17 Years

Years established:
Many

Other Information

Support & training:

Yes

Contact Information

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