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The Elmwood 455 Kennedy Memorial Dr 50 Room Hotel Waterville, ME 04901 $7,065,604 CAD ($141,312 CAD/Room)
Investment Highlights
- New FF&E, including beds, seating, lighting, artwork, mirrors, window treatments, TVs, appliances, and case goods
- New guest room, bathroom, corridor, lobby, and public-area finishes
- 50 keys - Two Buildings
- New casework, including reception desk, cabinetry, closets, and bathroom vanities
- New guest room doors
- New plumbing systems, including guest bathrooms, fixtures, water heating, sanitary lines, and drainage
Property Facts
| Price | $7,065,604 CAD | Building Size | 21,922 SF |
| Price Per Room | $141,312 CAD | No. Rooms | 50 |
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1960/2023 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.74/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.96 AC | ||
| Zoning | Motels | ||
| Price | $7,065,604 CAD |
| Price Per Room | $141,312 CAD |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.96 AC |
| Building Size | 21,922 SF |
| No. Rooms | 50 |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2023 |
| Tenancy | Single |
| Parking Ratio | 2.74/1,000 SF |
| Corridor | Exterior |
| Zoning | Motels |
Amenities
- Public Access Wifi
- Smoke-Free
- Smoke Detector
About 455 KENNEDY MEMORIAL DR , WATERVILLE, ME 04901
The Elmwood is an attractive highway hotel in Waterville, Maine, with 50 keys and high visibility at the first Northbound exit of Interstate 95, with comfortable guestrooms in two buildings. The property has undergone extensive renovations to the entire facility and guestrooms, further enhancing its appeal to today’s lodging guests. Benefiting from its strategic location on Kennedy Memorial Drive, the hotel is well-positioned to capture a diverse mix of business from varied demand drivers, including transient travelers, college-related visitors, nearby hospital traffic, and business travelers. Well-located lodging option in one of central Maine’s key commercial markets.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 50 | $250.01 CAD | - |
Property Taxes
| Parcel Number | WAVL-000041-000000-000004 | Improvements Assessment | $1,055,688 CAD |
| Land Assessment | $355,814 CAD | Total Assessment | $1,411,502 CAD |
Property Taxes
Presented by
The Elmwood | 455 Kennedy Memorial Dr
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