2 more images below... |
Franchised Hotel For Sale in N/a, New Brunswick Canada Quite Possibly Atlantic Canada's Best Hotel Investment Ref:19361 Asking Price: $2,775,000 CAD (Negotiable) 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.
 | | About This Property | |
| Category: | | Hotels | | Address: | | N/a
New Brunswick n/a
Canada | | For Sale By: | | Agent | | Construction Year: | | 1989 | | Area: | | 30,000 Sq. Ft | | | Bedrooms: | | n/a | | Bathrooms: | | n/a | | Sleeps: | | n/a | | Stories: | | 2 | | Parking Spaces: | | n/a | |
| | Features - Amenities | |
| - Furnished
- Appliances
- Pet Friendly
- Laundry Room
| | - Patio
- Cable TV
- - New Company Website
- - New Pos, Telephone, And Reservations Systems In 2008
| | - - Room Upgrades Include Linens, Tvs, Refridgerators, Microwaves, And Chairs.
- - New Breakfast And Meeting Room In 2007/2008
| | | Pictures (click to view a larger image) | |
| | Contact - More Information | |
| | Search More Listings | |
|
