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Recreation Inn & Suites 1891 Parkinson Way 49 Room Hotel Kelowna, BC V1Y 7V6 For Sale
INVESTMENT HIGHLIGHTS
- Heavy Highway Traffic
- Redevelopment Opportunity
- C2 Zoning
EXECUTIVE SUMMARY
William Wright Commercial & CBRE Limited, National Apartment Group - BC have been retained on behalf of C. Cheveldave & Associates Ltd. (the Court Appointed Liquidator of Witmar Holdings Ltd.), to seek offers for the disposition of The Recreation Inn (1891 Parkinson Way, Kelowna).
The Recreation Inn is located in the heart of Kelowna, offering stable holding income and very strong redevelopment potential. The offering presents a compelling opportunity to acquire a strategically located 49-room, two-storey motel property, along with the adjacent lands at 1864 Harvey Avenue (see other listing for more details).
This property forms part of a larger portfolio sale including the adjacent lands and the Dilworth Inn. Please reach out for more details including the CA for access to the property data room and information about the sales process which will include a bid date.
The Recreation Inn is located in the heart of Kelowna, offering stable holding income and very strong redevelopment potential. The offering presents a compelling opportunity to acquire a strategically located 49-room, two-storey motel property, along with the adjacent lands at 1864 Harvey Avenue (see other listing for more details).
This property forms part of a larger portfolio sale including the adjacent lands and the Dilworth Inn. Please reach out for more details including the CA for access to the property data room and information about the sales process which will include a bid date.
PROPERTY FACTS
| Sale Type | Investment | Building Size | 19,906 SF |
| Sale Condition | Court Appointed Sale | No. Rooms | 49 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1975 |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.21 AC | ||
| Zoning | C2 | ||
| Sale Type | Investment |
| Sale Condition | Court Appointed Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.21 AC |
| Building Size | 19,906 SF |
| No. Rooms | 49 |
| No. Stories | 2 |
| Year Built | 1975 |
| Corridor | Exterior |
| Zoning | C2 |
AMENITIES
- Pool
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $129.00 CAD | - |
| Guest Room | 47 | $99.00 CAD | - |
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Walk Score®
Very Walkable (79)
Bike Score®
Biker's Paradise (98)
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VIDEOS
MATTERPORT 3D EXTERIOR
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Recreation Inn & Suites | 1891 Parkinson Way
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