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Perhaps the Best Hotel Investment in the Maritimes

WARNING! Investment in this Property is likely to create a rash of significant wealth.

Limited service franchised hotel with more than 60 rooms & suites, 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. The positioning for a new owner to take control of this property is stable and brilliantly promising. It is hard to argue “value” when a solid business like this, priced at $2.775MM, is "conservatively" generating $375k to $400k of adjusted operating income from $850,000 in Revenues. Greater than $1BN in local investment currently underway and will assist in strengthening the 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.