Extended-Stay Hotel and Bar Overview
The Extended-Stay Hotel and Bar is located in the Thompson-Okanagan region of British Columbia, Canada. The Company provides long-term (monthly) rental accommodations, no daily rooms. The Company rarely has vacancies and there is currently a waiting list for rooms.
There is a large suite on the main floor that could be used as a manager’s suite.
The Company’s fully-licenced bar features live music year-round.
The building also has commercial spaces. The Company receives commercial rental income from a few units that are leased.
Vendor and bank financing available.
The business has experienced and long-term employees who will be a part of the transition to new owners. Employees can handle all day-to-day activities of the Company.
The current owner of the Extended-Stay Hotel and Bar only works a couple hours a day to handle administrative duties. The current owner is willing to remain in the business after the sale for up to six (6) months to ensure a smooth transition.
The property, approximately 12,000 sq. ft., was built 100+ years ago and is regularly maintained and upgraded. The Company is located on a main street in the city centre near major tourist sites.