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Raging Elk Adventure Lodge & Kodiak Lounge 892 6th Ave 42 Room Hostel Fernie, BC V0B 1M0 $2,924,229 USD ($69,624 USD/Room) 9.28% Cap Rate

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EXECUTIVE SUMMARY

Rare opportunity to own a turn-key hospitality business in the heart of beautiful and booming Fernie, BC. The Raging Elk Adventure Lodge and Kodiak Lounge are situated in a renovated 12,000 sq. ft building, situated on 3 lots with 2 patios and 360 degree mountain views. The Raging Elk has been locally owned and operated for 27 years and features 91 beds, state-of-the-art sleeping pods, family rooms, group dorms, a full kitchen, guest dining, coin laundry, huge entertainment space and more. The Kodiak Lounge is a popular establishment with 55 seats inside and 55 seats on the new covered deck, popular for travellers and event go-ers!

Hostel Information Brochure

PROPERTY FACTS

Price	$2,924,229 USD	Lot Size	0.24 AC
Price Per Room	$69,624 USD	Building Size	12,000 SF
Sale Type	Investment	No. Rooms	42
Cap Rate	9.28%	No. Stories	3
Sale Conditions	Business Value Included Furniture, Fixtures and Equipment Included	Year Built/Renovated	1973/2021
Property Type	Hospitality	Parking Ratio	0.33/1,000 SF
Property Subtype	Hostel Hospitality Hotel	Corridor	Exterior
Building Class	B
Zoning	CHWY

Price	$2,924,229 USD
Price Per Room	$69,624 USD
Sale Type	Investment
Cap Rate	9.28%
Sale Conditions	Business Value Included Furniture, Fixtures and Equipment Included
Property Type	Hospitality
Property Subtype	Hostel Hospitality Hotel
Building Class	B
Lot Size	0.24 AC
Building Size	12,000 SF
No. Rooms	42
No. Stories	3
Year Built/Renovated	1973/2021
Parking Ratio	0.33/1,000 SF
Corridor	Exterior
Zoning	CHWY

Balcony
Shuttle Service

High Speed Internet Access
Patio

On-Site Bar
Public Access Wifi

Smoke-Free
Fully-Equipped Kitchen

ABOUT 892 6TH AVE , FERNIE, BC V0B 1M0

This opportunity boasts strong revenue, a loyal customer base, and prime downtown location near world-class skiing, biking, and outdoor adventures. A rare transferable liquor license, zoning for expansion, and an established brand with deep community ties add immense value. Included in the sale is the 3-bed, 2-bath residence next door. Whether you need staff housing for your commercial operations, make it a rental property, move in yourself or consider re-zoning to expand your hospitality business; the inclusion of this property on your commercial purchase is a great opportunity! Financials available upon signing an NDA. Showings by appointment only for qualified buyers after financial review. Don’t miss this exceptional opportunity—contact the listing agent today!