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- LoopNet Team
746 Old Hespeler Rd
Cambridge, ON N3H 5L8
Hilton Garden Inn Kitchener/Cambridge · Hospitality Property For Sale
·
90,604 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 5 |
| Property Subtype | Hotel | Year Built | 2004 |
| Building Class | B | Parking Ratio | 0.91/1,000 SF |
| Lot Size | 2.08 AC | Corridor | Interior |
| Building Size | 90,604 SF | ||
| Zoning | M1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.08 AC |
| Building Size | 90,604 SF |
| No. Stories | 5 |
| Year Built | 2004 |
| Parking Ratio | 0.91/1,000 SF |
| Corridor | Interior |
| Zoning | M1 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Digital key
ABOUT 746 OLD HESPELER RD , CAMBRIDGE, ON N3H 5L8
The Hilton exhibits consistent results with performance benchmarks ahead of their competition. The Occupancy Index for 2016 was above their competitive set at 105%, while their RevPAR Index was 109%. Attractive NOI returns have grown 17% over the past two years, with the 2017 budget projecting further NOI growth through increasing room revenue and tightening of expenses. The Hilton offers a large 24h corporate centre for business travelers, an indoor heated pool & whirlpool, and a 24h convenience store / gift shop providing snacks at any time of day. The on-site Pavilion Grill is open for breakfast and dinner, and includes a bar seating area. Guest laundry and valet services are also available. The Property is strategically located immediately off Hwy 401, one of the busiest highways in North America. Only 6km from Waterloo International Airport, the Hotel is well located for business travelers, and a complimentary shuttle service is offered by the Hotel. Other popular tourist destinations, like the African Lion Safari, Bingeman' s Waterpark and multiple golf courses are all a close drive away. The Hotel benefits from its proximity to the tri-city region of Kitchener, Waterloo and Cambridge, often referred to as Silicon Valley of the North for its thriving tech sector. The region is the 4th largest metropolitan area in Ontario (10th in Canada) and is consistently ranked among the top tech hubs in the world, creating a strong stable base of business clientele.
