SOLD- 31 Room Hotel in Lake Cowichan Asking $2,599,000

Fantastic sales and increasing year over year, this well-built and maintained 31 suite hotel is located in a small tourism town just 20 minutes from Duncan, and 80 km from Nanaimo and Victoria. This tourism town has a renowned lazy river tubing, lakes with fishing and boating. Hiking, wine tours and in town attractions just minutes from the hotel. This is the only major accommodation in town. All suites have kitchenettes and are individually metered. The hotel benefits from strong tourism in the summer, and forestry workers in the winter months so it is busy all year round. This is a turn key operation making money from day one.

As well, there is a possible upside opportunity converting this hotel back to a rental building easily, or strata units as per original design and zoning. This could be a very profitable venture. Ask for more details.

 

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