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More details for 1390 Columbia St, Kamloops, BC - Hospitality for Sale

Canadas Best Value Inn & Suites Kamloops - 1390 Columbia St

Kamloops, BC V2C 2W8

Hospitality for Sale
$6,800,000 CAD
27,070 SF

Kamloops Hospitality for Sale

PRIME FRANCHISE MOTEL INVESTMENT – KAMLOOPS, BC An outstanding opportunity to acquire a well-established Canadas Best Value Inn & Suites, offering 51 renovated guest rooms and suites in a highly accessible location. Positioned near the junction of Highway 1 and Highway 5, the property benefits from excellent visibility and convenient access to shopping, restaurants, transportation, and Kamloops' key amenities. The motel sits on approximately 1 acre of land and includes approximately 4,000 sq. ft. of additional buildable area, presenting potential for future expansion or redevelopment, subject to municipal approvals. Property details : Rooms : 51 Land size : 46,740 sq.ft. (1.07 acres) Rooms : Updated within the last 4 years Building exterior : painted in 2021 Restaurant roof : replace in 2024 This turnkey investment presents an exceptional opportunity to acquire a well-established hospitality business with significant upside potential. The renovations to the guest rooms temporarily impacted the property's operating results over the past few years; however, these capital improvements have enhanced the quality of the accommodations and positioned the hotel for stronger future performance. The on-site restaurant, previously operated by a tenant, is now owner-operated, creating additional revenue opportunities and greater operational flexibility. Financial information is available to qualified purchasers upon execution of a Non-Disclosure Agreement (NDA).