King Edward Hotel & Motel 405 5 Ave 66 Room Hotel Stewart, BC V0T 1W0 $2,514,079 USD ($38,092 USD/Room)
EXECUTIVE SUMMARY
Opportunity to acquire a Full Service 66 room Hotel & Motel in Stewart BC. The King Edward Hotel features a 132 seat dining lounge and 70 seat cafe (food primary), 90 seat bar, 37 seat bar patio (liquor primary w/ off-sales endorsement), a 58 seat pub (liquor primary w/ off-sales endorsement) and liquor store. Also included is guest/public laundry services and ATM. The property is located Stewart, just 5 minutes from the Alaskan border, is located in the Golden Triangle known for mining with Ascot Gold slated to be producing in October 2023 which is reported to more than double the area population. There are 2 deep sea loading facilities - Stewart World Port and Stewart Bulk Terminals are also economic drivers. Tourism is also growing in the area featuring bear/glacier viewing in summer and sledding, heli-skiing in winter.
PROPERTY FACTS
| Price | $2,514,079 USD |
| Price Per Room | $38,092 USD |
| Sale Type | Investment |
| Sale Condition | Furniture, Fixtures and Equipment Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 27,527 SF |
| No. Rooms | 66 |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 3.04/1,000 SF |
| Corridor | Interior |
| Zoning | TC |
AMENITIES
- Restaurant
- On-Site Retail
- High Speed Internet Access
- Patio
- On-Site Bar
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 66 | $85.48 USD | - |
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