Description

This is a brand new listing, please bear with us while we add in all the details.

This is a 3 storey hotel, single fixed roof building and has seen in excess of $400k in Capital improvements in the past 3 years.

A full package and overview will be provided to a qualified buyer. The minimum expectation is for a prospect to prove $1.3M in equity before release of information.

Financial Information:

Average annual room revenues for the past 6 years = $1,290,000
Normalized EBITDA for the past 6 years = $375k

Room revenues are well diversified, from commercial/professionals, contractor, tourism, and sporting teams.

Real Estate / Lease:

Hotel property sits on approximately 2.4 acres, offering highway frontage, and is serviced by city water and sewer.

Posted Jul 12, 2016

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Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.