Luxury Inn & Fine dinning Restaurant with Bar
Offered for sale at 4,000,000 CAD
The hotel is located about 1.5 hours from Ottawa (towards the northwest) a historical Mansion with 8 suites. The current owner is successfully running the hotel, and the fine dining restaurant with a casual restaurant, serving licensed liquor.
The Inn is approximately doing 200k per year in the last two years. Before coved-19 300k
The restaurant was open last year, and the revenue was approximately 800K
Combine income of 1 million Canadian dollars for a year.
The property has a good potential for the right buyer by making the place an exclusive luxury boutique hotel by increasing the opening hours and adding some valuable features like a hot swimming pool/spa, and a professional massage center for in-house guests and for locals in the area.
Total land is about 3/4 acre zoned as commercial. Possible to build a new contraction on one side to expand the hotel or add a banquet room.
- 8 Guest Rooms
- 8 Guest Room Baths
- Has Owner's Quarters
- Built in 1910
- Last Renovated in 2020
- Opened in 2010
- Building is 14,000 SQFT
- Lot is 1.73 Acres
- Photo Gallery
- Offered for sale at 4,000,000 CAD
- Occupancy Rate: 60
- Average Daily Rate: 125
- Annual revenue is 1,000,000 CAD
- Terms: Full service grill and bar was partly open in 2021 and fully open from 2022 generating income of 800K in 2022
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