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Perhaps the Best Hotel Investment in the Maritimes

Limited service, franchised, 60 plus rooms & suites Hotel, 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, and is fully equipped with wireless high speed Internet, Cable TV, and provides all amenities and services of a 3 1/2 star rated Canada Select Hotel. Having restaurants, a shopping mall, and major Arena adjacently located is an added bonus for attracting clientele.

First four months of 2009 show sales have increased 23% over the same period of 2008, and is currently trending to surpass the 7 year average. Opportunity to further improve revenues with focused marketing strategies towards bus tours, corporate partnerships, and tourism initiatives. Approximately $750,000,000 of local investment will assist in strengthening local economy through increased tourism and international business.

Gross Revenue: approximately $ 875,000 on average for the last 3 years
Sellers Discretionary Cash Flow: $410,000 in 2008, about $ 450,000 on average 2005-2007. Before owner/manager wages. 2009 expectations are for SDE better than average, given 2 recent accomplishments.