Best Western The Westerly Hotel 1590 Cliffe Ave 67 Room Hotel Courtenay, BC V9N 2K4 $12,243,252 USD ($182,735 USD/Room)

The Westerly Hotel at 1590 Cliffe Avenue, Courtenay, BC is offered for sale as a 100% freehold interest. This turnkey investment includes 67 one- and two-bedroom hotel suites operating under the Best Western brand, plus approximately 17,641 sq. ft. of commercial space featuring service-oriented retail, a pub and lounge, and a fitness area (soon to be leasable). The property has undergone significant recent capital improvements, minimizing near-term expenditures and enhancing long-term income potential. Positioned within a supply-constrained hospitality market, this asset offers stable occupancy and diversified revenue streams, making it an attractive addition to any investment portfolio.
The property is prominently located along Cliffe Avenue, Courtenay’s primary arterial route, providing excellent visibility and convenient access to the Downtown core. Situated in the heart of the Comox Valley, guests enjoy proximity to world-class recreational activities such as golf, skiing, mountain biking, fishing, kayaking, and scuba diving, as well as cultural attractions like festivals, galleries, and museums. The site spans 2.59 acres with MU-2 zoning and Urban Centre designation under the OCP, supporting mixed-use development. On-site amenities include a restaurant, cocktail lounge, fitness facility, and a soon-to-be-completed spa-like hot tub and sauna.