Commercial Real Estate in Ontario available for sale
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Hostels for Sale near Ontario

Ontario Hostel for Sale

More details for 112 King st, Palmerston, ON - Hospitality for Sale
  • Matterport 3D Tour

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 135 Jarvis St, Toronto, ON - Hospitality for Sale

Saint Lawrence Boutique Suites and Residences - 135 Jarvis St

Toronto, ON M5C 2H6

  • Hospitality for Sale
  • $6,999,000 CAD
  • 8,877 SF
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More details for 12343 Lakeshore Rd, Wainfleet, ON - Hospitality for Sale

Lake Haven Beach Resort - 12343 Lakeshore Rd

Wainfleet, ON L0S 1V0

  • Hospitality for Sale
  • $1,650,000 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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Hospitality Properties for Sale Within of Ontario

More details for 551 Little Rideau Lake Rd, Portland, ON - Specialty for Sale

The West Waterfront - 551 Little Rideau Lake Rd

Portland, ON K0G 1V0

  • Specialty for Sale
  • $2,199,999 CAD
  • 4,500 SF
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More details for 1064 Omagaki Rd, Minden Hills, ON - Hospitality for Sale

The Highlands Motel & Lodge - 1064 Omagaki Rd

Minden Hills, ON K0M 2K0

  • Hospitality for Sale
  • $2,299,000 CAD
  • 4,875 SF
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More details for 8 Starr Pl, Kingston, ON - Hospitality for Sale

Whitney Manor - 8 Starr Pl

Kingston, ON K7L 4V1

  • Hospitality for Sale
  • $1,995,000 CAD
  • 9,602 SF

Kingston Hospitality for Sale - Greater Kingston

Unparalleled and distinguished, Whitney Manor is a unique five suite boutique hotel opportunity that combines historic elegance with modern luxury. A self-catered accommodation model, the current configuration offers three 2 bedroom suites and two 1 bedroom suites. Each self-contained luxury suite features a fully equipped kitchen, spacious living and dining areas, private balcony or patio, in-suite laundry and architectural details that reflect the property's history. Built in 1817, this Heritage designated property remains one of the oldest limestone structures in the Kingston area. Designed in the likeness of an English estate with rectangular limestone blocks, cathedral ceilings and hand hewn beams, the architectural integrity and conservation of the property have been maintained through careful stewardship. This unique boutique accommodations business model boasts 75% average occupancy rate year-round, reaching close to 100% occupancy in peak summer months. Strategically located a few minutes drive from downtown Kingston, Gananoque and a ferry ride to the US. With prime positioning within a residential enclave alongside the St. Lawrence River, Whitney Manor offers an extraordinary opportunity to own a piece of Kingston's rich heritage with a turnkey boutique business investment. Adjacent to the Whitney Manor, the vacant building lot offers a site area of 21,741 sq ft. This lot can be purchased in conjunction with or following the purchase of the Manor.

Contact:

Sotheby's International Realty Canada

Property Subtype:

Bed and Breakfast

Date on Market:

2024-09-24

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More details for 101 Queen Street & 108-116 Sparks Street – for Sale, Ottawa, ON

101 Queen Street & 108-116 Sparks Street

  • Mixed Types for Sale
  • 3 Properties | Mixed Types
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More details for 8500 Road 164, Listowel, ON - Hospitality for Sale

New Listowel Country Inn - 8500 Road 164

Listowel, ON N4W 3G6

  • Hospitality for Sale
  • $7,500,000 CAD
  • 17,677 SF
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More details for 960 Colborne St W, Brantford, ON - Hospitality for Sale

Amir's Motel - 960 Colborne St W

Brantford, ON N3T 5L7

  • Hospitality for Sale
  • $2,199,900 CAD
  • 5,116 SF
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More details for 169 Mosley St, Wasaga Beach, ON - Hospitality for Sale

Hollywood Cottages - 169 Mosley St

Wasaga Beach, ON L9Z 2K1

  • Hospitality for Sale
  • $2,299,000 CAD
  • 9,750 SF
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More details for 349 Wellington Main St, Prince Edward, ON - Hospitality for Sale

The Lakeside Motel - 349 Wellington Main St

Prince Edward, ON K0K 3L0

  • Hospitality for Sale
  • $7,000,000 CAD
  • 4,062 SF
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Hostels for Sale in Ontario

View All Available Listings
How many hostels are available for sale in Ontario?
There are currently 4 hostels available for sale in Ontario, offering a unique opportunity for businesses to establish a presence.
How big are the hostels available for sale in Ontario?
The average size of hostels available for sale in is about 9,528 SF. The largest hostels available to buy is 21,616 SF and the smallest is 2,720 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.
What's the cap rate for hostels in Ontario?
The average market cap rate for hostels for sale is about 5.20% based on data provided in Ontario. Learn more about how cap rates are calculated.