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Hotel Development - $7,000 Per Key For Sale

Northern Ontario, Ontario, Canada
Asking Price:
$725,000 (CAD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Hotel Development / Extended stays project. Development is proposed to be a 6-storey hotel with 104 rooms. Site is situated on approximately 2 acres and located within walking distance to the busiest hospital in the region as well as the regional University. Significant amount of investments have already been made to bring the project to this stage, including drawings and a 3rd-party AACI appraisal and market study supporting the economics of the project. All utilities are already available to the site and it is already zoned for hotel development. Asking price represents ~$7,000 / key.

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