View Business For Sale #79094 - Hotels & Motels in Other Ontario

Franchise Hotel For Sale

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Location

City Other Ontario
Province Ontario
CountryCanada

Not Relocatable

Real Estate Included

Financials

Asking Price
Sales
Profits
Profit Type
Fiscal Year

Deal Terms

Business Is A Franchise?
Finders Fee Payable by Buyer?
Seller Financing Available?
Principals Only?
Management Will Stay?
Willing To Co-Broker?

Franchise Hotel & Suites, Niagara Falls, Ontario

Investment Highlights

The hotel is located in Niagara Falls. The Hotel enjoys good visibility and is easily accessible from the major traffic corridors in Niagara Falls.

The hotel is one of the first visible hotels for travelers. The hotel is only five minutes from the new Vegas-style Casino site, and is within a 15-minute walk of the Falls, Skylon and Minolta Towers, Imax Theatre and Casino Niagara. Other nearby attractions includes Queen Victoria Park, Helicopter Rides, and Maid of the Mist Steamboats. Clifton Hill Museums and Attractions, Winter Festival of Lights, Marine land, numerous factory outlets, Butterfly Conservatory, Great Gorge Adventures and the Shaw Festival Theatre.

The hotel is approximately 25 miles (40 kilometers) from the Buffalo International Airport and about 75 miles (120 kilometers) from Pearson international Airport, Toronto.

Reason for Sale: Owners want to go back to home country.

Total revenue $4.6 million -- Occupancy 61% -- Average room rate $87.

EBIT $1,500,000 -- CAP Rate 9.3%

Asking price is $16,000,000.

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