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Limited service, franchised, more than 60 rooms & suites Hotel, situated on approximately 2 acres of land, has excellent curb appeal and visibility along a major Highway in one of New Brunswick's largest cities. Considered the market leader in its category.
This well constructed and well maintained hotel is approximately 20 years old, has had numerous updates in the last 2 years. It is fully equipped and provides all amenities and services of a 3 1/2 star rated Canada Select Hotel. Restaurants, a shopping mall, and major arena are all within sight and walking distance.
2009 sales increased 8% over 2008, while ADR has continually increased ahead of inflation, averaging more than 4% over the past 5 years. Opportunity to further improve revenues exists, with focused marketing strategies towards bus tours, corporate partnerships, and tourism initiatives. Greater than $1BN in local investment currently underway will assist in strengthening local economy through increased tourism and international business.
Gross Revenue: $835,000 is 3 year average.
Sellers Discretionary Cash Flow: approximately $450,000 in 2009 and $410,000 in 2008 (owner/managed)
2010 expectations are very promising. This could be considered the best Hotel Investment in Atlantic Canada.
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