FRANCHISE HOTEL IN BC
1. Location :
Located in SE of B.C. at the foothills of the famous Canadian Rocky Mountains, Xxxxxxxxk is an outdoor enthusiast’s dream with some of the most picturesque golf courses, ski hills and lakes in the Province.. The City is also just 15-minutes from the Canadian Rockies International Airport which offers direct flights to Vancouver and Calgary. Via car, Xxxxxxxx is a 9 hour drive to Vancouver and a 2 hour drive to Calgary.Xxxxxxxx is the largest urban centre in the East Kootenay Region with a population of some 20,000 people and enjoys a reputation as having the most sunshine in all of B.C.
2. Property Description :
Originally built in 1969 Complete renovations done in 2015 by spending over $2,100,000 90 room hotel offers a number opportunities to grow top-line performance and profitability including leveraging the recent renovation to grow RevPAR as well as several leasing opportunities. There are two vacant food and beverage outlets as well as an
attached 5,000 SF conference centre which is currently not in use and could be operated or leased to a third party.Additionally, the 4th floor of the Property is unimproved and could potentially be converted to additional hotel rooms or apartment suites for short or long term rentals.
3. Revenue(Based on April 30 ) : First year after renovation 2016 : $1,2234,328 , 2017 :$1,359,004, 2018 : $1,646,696
Conference room & Lounge area renovation was done on September 2018 so expecting more room revenue from weddinng, conference andotheractivity.
The revenue of 2018 from January 1 to December31, 2018 is $1,769,070($1,723, 231 room revenue plus $45,839 from banquests ).