5063 Madsen Road

Hospitality For Sale in Radium Hot Springs, British Columbia

$1,495,000

Excellent investment opportunity! Successful 18 unit boutique hotel perched above the Village of Radium Hot Springs, featuring incredible views and bordering on Kootenay National Park. Boasting an annual occupancy rate of nearly 65% and significant annual revenue to back-up the asking price. One of the only accommodation businesses in the area being successfully and profitably operated with absentee owners and fully paid management (current management supplies all of the labour for a percentage of gross revenue and are willing to stay on). This is a serious real estate investment opportunity and consists of more than just buying your self a house keeping job. 17 of the units are stratified and feature their own PIDs, this consists of 16 'junior suites, and one larger 'family suite'. The offering also includes a non-stratified 18th room (larger family suite), sauna area, lobby area, basic four bedroom basement manager's suite, onsite laundry, and onsite parking. The property not only offers significant immediate income, but also long term re-development or resale opportunities (ex: condo-hotel, long term care home etc.). The business operations are simplified by having no food and beverage component other than a basic continental breakfast program. Recent roof replacement and other upgrades. Share Sale. Financial statements available to qualified purchasers. (id:4069)

Address 5063 Madsen Road
List Price 1,495,000
Property Type Hospitality
Type of Dwelling Recreational
Area British Columbia
Sub-Area Radium Hot Springs
Year Built 1982
MLS® Number 2438468
Listing Brokerage Royal LePage Rockies West
Postal Code V0A1M0
Amenities Living Accommodation

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Gerry Taft

Royal LePage Rockies West Realty

492 Highway 93/95 Invermere BC V0A 1K2

Mobile: 250-341-1202

Office: 250-342-5599

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