Franchised Hotel for Sale in N/A, New Brunswick, Canada

Quite Possibly Atlantic Canada's Best Hotel Investment

This excellent Franchised Hotel has over 60 rooms and suites, is located in a major NewBrunswick city that is entering a new growth phase, and is perfectly located with great curb appeal. It is considered the leader in the Limited service market and carries a 3 1/2 star Canada Select rating. The 2 story concrete constructed building with brick veneer and lifetime concrete roofing tile significantly reduce maintenance.

Revenues are treding positively. Revenues and profits for the first 6 months of 2009 are up approximately 20% over the same period in 2008 and will higher than $850,000 in revenues and $450,000 SDCF.

Owner is motivated. SDCF in 2008 of $410,000 (before owner/manage wage), and $450,000 average for lastest 3 years. We have calculated an average annual ROI over 5 years to be 28%, before any potential appreciation. The replacement value of this property is over $5,000,000.

There is over $1 Billion dollars in projects currently underway and/or under negotiation in this City. The future is very brigth. With increased ADR over the past 4 years, which helped offset lower occupancy, the future profits of this business are very promising. Given the rebound we are seeing through the first 8 months of 2009 compared to 2008, it is evident the local market is in recovery. Now is the time.