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Court-ordered sale of the historic Royal Hotel in downtown Chilliwack. This landmark property offers over 21,000 sq.ft. of space with 27 guest suites and multiple food and beverage areas, including a 155-seat dining room...
Asking Price : $4,498,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 21,500
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Moon Water Lodge is a beautiful west coast designed boutique Hotel built in 2002 using local timber. Situated on a special 9.58 acre parcel, every hotel room enjoys unobstructed, spectacular panoramic ocean and mountain...
Asking Price : $3,999,800
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 8,400
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Exceptional hotel redevelopment opportunity in booming Kitimat. Preliminary approval for a four-storey building with 78–86 rooms, 425 sqm licensed restaurant, and 88 parking stalls. Prime service area location near LNG...
Asking Price : $1,300,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 21,600
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Turtle Hostel is a long-established budget accommodation business in downtown Victoria, offered as a combined sale with the real estate property. This charming, character-filled hostel features 10 versatile units, includ...
Asking Price : $199,900
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
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Investing in hotel real estate in British Columbia is an exciting prospect for both business and leisure. With its picturesque landscapes and growing tourism market, BC is a good place to start understanding its hotel market. In order to make smart investment choices, you need to know about the hotel industry in British Columbia.
In addition to cozy boutique hotels, you'll also find large luxury resorts and well-known franchises. This variety serves a variety of different travelers. A robust tourism industry fueled by visitors from home and abroad makes BC a great place to invest in hotels.
There's more to investing in hotels in BC than just buying property. Investing in BC hospitality businesses for sale means joining a thriving community with a steady economy. BC hospitality businesses for sale often include hotel properties and opportunities to engage in related ventures. Restaurants and event spaces are a great way to grow your business.
BCs strategic location attracts tourists seeking adventure and peace, which highlights the value of investing in commercial real estate. There are tons of investment opportunities in cities like Vancouver and Victoria, and in peaceful places like Tofino and Whistler. Investing in this sector means embracing a lifestyle, diving into a vibrant culture, and betting on the future growth of tourism and hospitality in one of the most beautiful provinces in Canada.
Buying hotels in British Columbia brings many perks. These benefits include both money-making and social opportunities. Let's look at why entering the hospitality sector here is a good idea:
British Columbia is a top spot for travelers, making it perfect for buying a hotel in Vancouver or any popular area in the province. The blend of city life and natural beauty draws visitors all year. Hotels see high occupancy, leading to good investment returns.
The city is also great for international events. This, along with great hotel infrastructure, can make your business more visible and profitable.
The province's economy is growing. Programs like the Certificate of Recognition (COR) help businesses beyond basic safety. Investing in a resort in BC means getting into this growing economy. Infrastructure and tourism efforts increase hotel profits even more.
BC has many types of properties for investors. You can choose from urban boutique hotels to large resorts near ski slopes or beaches. This means you can find something that fits your business goals and market needs. The hotel market in BC offers opportunities for all kinds of investors.
British Columbia has a wide range of hotels for different preferences and budgets. If you're thinking of buying a hotel or working with hotel brokers in British Columbia, knowing the types of hotels can guide your decisions.
Boutique hotel rooms offer a special and intimate stay. They stand out for their unique style and luxury. Boutique hotels cater to guests seeking privacy and a special experience.
Luxury resorts in British Columbia promise an opulent escape. Located in beautiful spots, they boast stunning views and top-notch facilities.
Budget hotels in British Columbia provide basic amenities at a low cost. They are perfect for travelers who want a good deal without extra frills. These hotels offer clean and efficient accommodations for those valuing practicality.
Franchise hotels in BC are linked with well-known brands. They provide consistent services and amenities to meet specific standards, and thanks to a brand’s reputation and operational practices, guests enjoy reliable experiences.
BC's historic inns appeal to those who love history and charm. They are in heritage buildings with modern comforts, offering a journey back in time while ensuring a comfortable stay.
Unit motels represent a rare opportunity in the BC hospitality market. These properties typically feature individual units with direct outdoor access, appealing to travelers seeking more privacy and convenience. The "rare opportunity" aspect often comes from their potential for renovation or conversion into other accommodation types, making them an interesting investment for those looking to enter the market or expand their portfolio. Exploring motels for sale in British Columbia provides investors with a unique chance to capitalize on this niche segment of the hospitality industry.
Looking into these hotel types can help you decide to buy a hotel in British Columbia. Working with professional hotel brokers in British Columbia can offer more insights, helping you make your investment successful.
In British Columbia, looking into hotel and resort investments opens up lots of business opportunities.
Vancouver is a top spot for hotel investments. It's lively, full of tourists, and a business center. Being a gateway to the Pacific, Vancouver attracts both global and local travelers. This makes investing here quite appealing if you want a bustling client base.
Victoria is famous for its beautiful, old buildings and laid-back city life. It’s perfect for visitors wanting a peaceful, scenic place to stay.
Whistler is known worldwide as a leading ski location, creating a strong, seasonal hotel market. During peak times, owners who focus on sports and leisure will find good revenue here.
Kelowna, with its stunning lake views, is also an attractive area. Owning a resort here, especially one offering unique activities like vineyard tours or water sports, can be quite profitable.
Tofino, located on Vancouver Island's west coast, stands out for its breathtaking natural scenery and vibrant surf culture. This coastal gem is rapidly emerging as a prime location for eco-friendly resorts and hotels, catering to environmentally-conscious travelers seeking immersive nature experiences.
When thinking about buying hotel real estate in British Columbia, you have to look at many important factors. These factors help make sure your investment pays off. Here’s what to keep in mind:
Doing market research is crucial before investing in hotel properties. It's essential to look at past and present market trends and understand your competition. Also, thinking about the future market is important. You should pay attention to data like average daily rates and occupancy rates.
The success of your hotel can be heavily influenced by its location. Think about how close it is to tourist spots, local businesses, transport links, and who lives in the area. Take Whistler properties as an example. Here, the value of one-bedroom units has changed a lot over time.
It's key to know about a hotel's financial status and future prospects. Checking things like the Room-Rate Multiplier and Sales Comparison per room helps understand its worth. For example, assessing a hotel's value using its average daily rate and room count can help decide if it's a good investment.
Running a hotel smoothly involves managing numerous day-to-day tasks, providing excellent guest service, and employing the right staff. It's crucial to plan for various operational expenses, including substantial maintenance costs.
Hotels in areas like Kamloops, for example, face unique operational challenges and costs:
Utilities: Depending on the hotel's size and energy efficiency, monthly utility expenses can range from $5,000 to $15,000 or more.
Maintenance: Regular upkeep and repairs might cost 1-4% of annual revenue.
Staffing: Labor costs typically account for 30-35% of a hotel's revenue.
Property taxes: These can vary significantly based on location and property value.
Insurance: Comprehensive coverage for a hotel can cost several thousand dollars per month.
Marketing and technology: These essential expenses often range from 6-10% of revenue.
Supplies and amenities: This can account for 4-5% of total revenue.
These operational costs significantly impact a hotel's profitability. The exact figures can vary based on factors such as hotel size, class, location, and management efficiency. It's essential to conduct thorough research and financial planning to accurately estimate and manage these expenses for your specific property.
Knowing about the legal aspects is important in the hotel business. This includes zoning laws, licensing, and understanding taxes like Goods and Services Tax and Harmonized Sales Tax on commercial properties. Also, if a property goes from commercial to personal use, there are specific rules to follow. By paying close attention to these factors, you can make a well-informed choice.
Buying a hotel in British Columbia is exciting but complex. The tourism industry greatly impacts the lodging sector. To succeed, you need to identify good investment chances and manage the buying process well. Here's what to do:
Start by understanding the market. Focus on areas that meet your investment goals. Working with hotel brokers in British Columbia can be very helpful. These experts know the best spots, from busy cities to quiet tourist towns. They can help you find a luxury hotel or charming franchise motel. Pick a place that fits your style and guest expectations.
Doing thorough research is key. Check the hotel's finances, condition, legal compliance, and reputation. Get professionals like accountants and engineers to look at the numbers and the building. This will help you know the business and property well.
Know how you'll pay for the hotel. You can get bank loans or use your savings. You might also partner up to pool funds. In British Columbia, down payments and interest rates differ. Pick a financing option that works for your budget and keeps cash flowing.
Negotiation takes skill. You need to understand what you and the seller want. Talk about the sale terms, price, and how the hotel will operate. You might also need to negotiate loan terms with banks. Good negotiation helps your investment's financial future.
Getting ready to close the deal? Make sure all legal and regulatory steps are taken. This often requires lawyers. They make sure everything is done right. Then, get ready for a smooth transition. Consider keeping current staff and bringing in new management ideas.
Knowing these steps helps you enter BC's hotel market confidently. Choosing the right property and managing the purchase smartly can lead to success. This is how you start making a profit from your hotel investment in British Columbia.
The hospitality sector is growing quickly, especially in BC. This is true for businesses and hotels available for sale in British Columbia. It's key for investors and business folks in this area to keep up with market trends and future changes.
The demand for hotel properties in British Columbia is strong. This is thanks to both tourism and corporate travel. Reports show that more people are staying in hotels and investors are eager to buy them. This is great news, especially after recent challenges.
The future looks bright for BC's hospitality industry. There's a bigger focus on mixing travel with lifestyle, leading to more 'bleisure' travel. British Columbia is attracting travelers with its wonderful landscapes and cities. This is good news for the hotel business.
Technology is changing hotels for the better. New tech like digital key cards and apps for room control are improving customer service. For hotels in British Columbia to keep up, investing in technology is a must.
More people want to travel in eco-friendly ways. BC hospitality businesses are responding by being green. They're cutting waste, using less energy, and serving organic food. This not only protects BC's nature but also makes hotels more attractive to investors.
In addition to the strong hotel market, entertainment businesses for sale in British Columbia offer lucrative prospects for those interested in diversifying their investments. For a more immersive experience, resorts for sale in British Columbia present unique opportunities to capitalize on the region's natural beauty and tourism appeal. Furthermore, restaurants for sale in British Columbia provide a chance to tap into the local culinary scene, enhancing the overall hospitality portfolio. Investing in these sectors can complement and expand upon the success seen in the hotel industry, leveraging BC’s vibrant and growing tourism market.
Buying hotel properties in British Columbia is an exciting mix of chances and challenges. This area is known for its strong tourism and a variety of hotel types, such as eco-friendly spots and traditional B&Bs. This makes the hotel market in BC a place worth looking into.
There are many chances to succeed in the British Columbia hotel sector. You could own different types of properties. Imagine having a big log home or a B&B that makes good money from being mostly full all year. BC's focus on environmental sustainability and its stunning scenery add to the appeal of owning hotels available for sale in British Columbia
But before jumping into this business, it's crucial to do your homework. You need to understand the market well. This includes knowing about the different sizes of properties and how much you could make from them. Challenges like managing a hotel well, dealing with varying prices, and making sure guests are happy are important. Yet, with the right strategy, your investment could pay off by adding to the province's tourism income and job market. A careful approach could lead to success in BC's hotel industry.
The current market trends for hotels in BC show strong interest due to the province's robust tourism sector. Prime locations like Vancouver and Victoria are especially sought after, with a growing demand for sustainable and boutique hotels. Post-pandemic recovery has also heightened market activity, leading to competitive pricing.
To find financing options for purchasing a hotel in BC, approach commercial banks, credit unions, or mortgage brokers experienced in hospitality financing. Also, explore government programs and incentives for business investments in BC.
Key factors include the hotel's location, financial health, occupancy rates, and compliance with zoning or regulatory requirements. Also, assess the condition of the property and its growth potential.
Yes, legal requirements include obtaining business licenses, adhering to health and safety regulations, and complying with zoning bylaws. The property must also meet British Columbia Building Code standards and local health authority requirements.
Inspecting and evaluating a hotel involves reviewing financial records, conducting property inspections, and ensuring compliance with local regulations. Engage experts like commercial real estate agents, accountants, and legal advisors for due diligence.
https://www.ontario.ca/document/harmonized-sales-tax-hst
https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/00_96210_01
https://www2.gov.bc.ca/gov/content/taxes/sales-taxes/pst/publications/accommodation
Discovering the best deals on Hotels in BC requires thorough research. Take into account factors such as location, size, amenities, and future growth potential. Explore the three most popular offers:
Hotel at WELLINGTON , Hotel at Trans Canada and Hotel at ENTERPRISE .
The average price of Hotels in BC is influenced by various factors. On average, prices range from $2,499,425. However, conducting a comprehensive market analysis is essential to grasp specific pricing trends in your desired area.
Find comprehensive information about Hotels in BC on Find Businesses 4 Sale! Explore our catalog of offers, and if you have any questions, feel free to contact us; we're here to help! Meanwhile, consider checking out the three newest listings:
Hotel at WELLINGTON , Hotel at Trans Canada and Hotel at ENTERPRISE . .
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