How many hostels are available for sale in North Perth?

There are currently 1 hostels available for sale in North Perth, offering a unique opportunity for businesses to establish a presence.

How big are the hostels available for sale in North Perth?

The average size of hostels available for sale in North Perth is about 21,616 SF. The largest hostels available to buy is 21,616 SF and the smallest is 21,616 SF. The size of the space youll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

North Perth Hostels 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.