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Canada Hostel for Sale

More details for 112 King st, Palmerston, ON - Hospitality for Sale

King Hotel - 112 King st

Palmerston, ON N0G 2P0

  • Hospitality for Sale
  • $6,000,000 CAD
  • 21,616 SF
  • Fitness Center

Palmerston Hospitality for Sale

King Hotel, located at 112 King Street, offers a hospitality investment set on approximately 3.50 acres in the growing town of Minto. This established hotel offers 33 spacious, newly renovated guest rooms across eight distinct room styles, including luxury suites, kitchenette accommodations, and family-oriented layouts, complemented by an 80-person event room, a fully equipped gym, guest laundry facilities, and a welcoming lobby. Three on-site residential apartments, one newly built luxury two-bedroom unit, and two recently renovated two-bedroom units provide additional income streams and operational flexibility. With a 20-room expansion site plan already approved and full municipal services connected, the King Hotel delivers immediate cash flow with value-add potential for future growth, positioning it as a scalable hospitality platform in a supply-constrained regional market. Strategically located right off Main Street (Line 93) with prominent pylon signage, the King Hotel benefits from excellent visibility and accessibility. The asset sits directly across from national retailers Tim Hortons and LCBO. Palmerston offers efficient road connectivity to surrounding destinations, including Kitchener, Stratford, Blyth, and Drayton within approximately 35 minutes, while Guelph is reachable in about 45 minutes and the Kitchener-Waterloo region in under an hour. Toronto Pearson International Airport is approximately 1.5 hours away, with London, Ontario, just one hour south. Local infrastructure further supports demand, including an in-town hospital with a heliport, a retirement home, a high school, and ongoing residential development. Palmerston’s distinct small-town character, rooted in its celebrated railway history and highlighted by attractions such as the Palmerston Railway Heritage Museum, Lions Heritage Park, community events, trails, and a local theatre, continues to attract leisure travelers. The town has experienced population growth of approximately 13.9% over the past five years, signaling rising demand for lodging, services, and extended-stay accommodations. Supported by the Minto Means Business initiative and ongoing residential construction, the local market reflects a pro-growth environment for hospitality and tourism-oriented assets. The King Hotel stands out as a turnkey operation with upside from expansion, diversified revenue streams, and a strategic location that serves business travelers, event guests, and leisure visitors.

Contact:

Royal LePage Grand Realty

Property Subtype:

Hotel

Date on Market:

2025-11-10

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More details for 5011 50 St, Barrhead, AB - Hospitality for Sale

Red Baron Inn - 5011 50 St

Barrhead, AB T7N 1A2

  • Hospitality for Sale
  • $699,000 CAD
  • 22,920 SF
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More details for 38005 Cleveland Ave, Squamish, BC - Hospitality for Sale

The Chieftain Squamish - 38005 Cleveland Ave

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  • Hospitality for Sale
  • $12,000,000 CAD
  • 20,691 SF
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More details for 45886 Wellington Ave, Chilliwack, BC - Hospitality for Sale

The Royal Hotel - 45886 Wellington Ave

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  • Hospitality for Sale
  • $3,898,000 CAD
  • 21,500 SF
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More details for 135 Jarvis St, Toronto, ON - Hospitality for Sale

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  • Hospitality for Sale
  • $6,999,000 CAD
  • 8,877 SF
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More details for 2814 3rd Av W, Vancouver, BC - Hospitality for Sale

2814 3rd Av W

Vancouver, BC V6K 1M7

  • Hospitality for Sale
  • $4,450,000 CAD
  • 4,936 SF
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More details for 12343 Lakeshore Rd, Wainfleet, ON - Hospitality for Sale

Lake Haven Beach Resort - 12343 Lakeshore Rd

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  • Hospitality for Sale
  • $1,675,000 CAD
  • 4,900 SF
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More details for 770 Barton St E, Hamilton, ON - Hospitality for Sale

770 Barton St Hostel - 770 Barton St E

Hamilton, ON L8L 3B1

  • Hospitality for Sale
  • $1,299,999 CAD
  • 2,720 SF
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