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RESORT AREA: KENNEDY INN, St. Andrews by-the-sea

Saint Andrews, NB   Offered for sale at 2,750,000 CAD
 

WAS $3,250,000 CANADIAN... NOW $2,750,000 CAD
THIS INN IS A MONEY MAKER! INQUIRE TODAY
Operating continuously since 1881, this landmark property is recognized as Atlantic Canada’s oldest summer hotel, offering a unique blend of heritage charm and modern guest amenities. The inn features 25 well-appointed guest rooms and suites, ranging from efficient two-person accommodations to spacious king suites complete with separate living areas. All rooms include full en-suite bathrooms. The property maintains consistent occupancy year-round, with demand supported by extended-stay guests such as out-of-town professionals and New Brunswick Community College students through the winter months, providing stable revenue beyond peak tourism periods.

The property’s food and beverage component is a key driver of both revenue and local engagement. A recently renovated bar and restaurant offers a modern up-scale vibe with a diverse menu including gourmet burgers, fresh seafood, and casual fare. Guests and patrons enjoy indoor dining, a relaxed lounge setting, and a highly desirable covered veranda with water views that draws in crowds the peak tourism months rain or shine.

We understand that not every innkeeper dreams of running a restaurant. Recognizing that, we recently reduced the asking price of the Inn to $2,750,000 CAD to reflect the value of the accommodation business and real estate alone, creating an exceptional opportunity for a wide range of buyers. For those looking to continue the property's successful restaurant and bar operation, the business is already established and thriving.

However, for buyers whose vision lies elsewhere, the ground floor presents tremendous flexibility and income-generating potential. A new owner could lease the restaurant and bar space to a third-party operator, creating a passive revenue stream while focusing on the lodging business. Alternatively, the space could be reimagined entirely. Given its prime location and high visibility, the property would be well-suited for a variety of commercial uses, including retail, professional offices, a wellness or aesthetics spa, boutique services, or other complementary businesses.


Additional highlights include:

~ Year-round operation with strong seasonal upside

~ Established reputation and repeat clientele

~ Live entertainment programming during summer months

~ Prime location within walking distance to waterfront, retail, and attractions

~ Turnkey opportunity with historic branding and operational infrastructure in place

~ Various revenue streams including retail premises at rear leased to a 3rd party.

This boutique hotel presents a strong investment opportunity characterized by exceptional fiscal momentum and operational excellence. Following a comprehensive renovation and modernization of the bar and dining areas in 2023, the property has experienced a dramatic surge in performance, with total revenues climbing. The business delivers a robust bottom line providing ample return for an innkeeper or couple to draw a highly attractive salary while maintaining healthy operational reserves. Efficiency is at the core of this enterprise, supported by an excellent complement of dedicated staff who ensure seamless daily operations and high service standards. *FINANCIAL PACKAGE AVAILABLE UPON SIGNING OF NDA

Kennedy House has served generations of visitors and locals alike, offering a timeless hospitality experience in a premier coastal setting. This is a compelling opportunity for investors or owner-operators seeking a character-rich asset with proven performance in a high-demand tourism market.

Listed by Cushman & Wakefield Atlantic (agent)

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