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Revelstoke Motel $4,900,000 $4,595,000

Restaurant
No
Lot Size/Acres
1
Year Built
Mixed
Water Service
Municipal
Land and Building Included
Yes
Other Notes
5 More Units being added

I am pleased to offer this 46-room motel at the ‘gateway’ to the multi season historic mountain city of Revelstoke.

The motel is popular and provides a variety of room styles to satisfy the travelling, skiing, sledding and tourist customers.

The current owner of 15 years has more than doubled the amount of rooms, several were just completed in 2014 in his tenure. There is currently work being done to convert the existing 6-bedroom owner’s suite to 5 more rental units and a manager’s suite.

The Seller has had discussions with city hall, the site can have an entrance off Victoria Rd (main road). It will be more visible for traveler and really help to gain more business. The new building will have 16 rooms plus new lobby and breakfast area. That design has already submitted to city hall for building permit and waiting for approval. New owner could have the option to continue this project or give up on it.

The motel is situated near and within walking distance of restaurants including Tim Hortons, Starbucks and is about 7 blocks from downtown. There are plans to build a kids’ spray / water park on an adjacent property, this will be a nice amenity for summertime travelers if it comes to fruition.


Exterior Amenities
1500 W First Street
Revelstoke, BC
Canada
Sale Type: For Sale
Category: Motels
Larry Berisoff
RE/MAX Kelowna

P: 250-862-8100
Contact Agent
Total Units
46
Lot Size/Acres
1
Water Service
Municipal
Wastewater Service
Municipal
Asset Sale
Yes
Residence
Yes
Other Notes
5 More Units being added
Restaurant
No
Year Built
Mixed
Zoning
C-6
Kitchen Units
Several
Land and Building Included
Yes
1500 W First Street
Revelstoke, BC
Canada
Sale Type: For Sale
Category: Motels
Larry Berisoff
RE/MAX Kelowna

P: 250-862-8100
Contact Agent

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1500 W First Street
Revelstoke, BC
Canada
Sale Type: For Sale
Category: Motels
Larry Berisoff
RE/MAX Kelowna

P: 250-862-8100
Contact Agent

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 RE/MAX Kelowna

  • 100-1553 Harvey Avenue
  • Kelowna, BC
  • V1Y 6G1

Larry (Direct) 250.862.8100

Fax 250.862.8100

email@syberrealty.com