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90 Room Franchised Hotel, B.C.

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Listing ID: 1133

Location

South Eastern British Columbia

Description

This 90 room Franchised Hotel is located in an important commercial district of British Columbia. Local population is approximately 20,000, accessible by major highway and airport. Room Types: Double queen - 35+ Queen Bed with Pull- out Sofa King Bed Guest Room - 40+ Kitchenette Room Kitchen Suite Full overview is available to qualified buyers after NDA is signed.


Financial Information

Most recent 12 months room revenues $1.77M, with occupancy of 52% and REVPAR of $53. This period represents a 29% occupancy increase over the previous period given the improvements in the reputation following the renovation. Expectation in 2019 is for continued growth. Business just opened in September for Conference, Wedding, etc, will drive higher sales in 2019. Forecast is $1.9M.

Minimum Equity Required

$2,400,000

Real Estate

Excellent location and accessibility Full Renovation complete in 2016 1.975 acres of land Fully city services - water, sewer, storm sewer, gas, electricity, and telephone. The subject neighbourhood also has good exposure.

Price

$5,900,000

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