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Opportunity Is My Business

Boutique Hotel in Beautiful Nelson! $1,590,000

Lot Size/Acres
37.5 feet X 120 feet
Year Built
1900
Water Service
Municipal
Land and Building Included
Yes

Being offered is a unique, stylish boutique hotel in beautiful, historic Nelson, British Columbia. The accommodation is continuously rated as #1 in Nelson by Trip Advisor and Google, winning the TA Certificate of Excellence for 5 years to 2014, and 5 years to 2018.

The current owners have developed a strong and respected business that caters to discriminating leisure and business travelers travelling to enjoy all that Nelson and the surrounding area has to offer.

The Cloudside Hotel consists of eight individually designed modern, comfortable rooms and suites. The goal has been to create a contemporary, relaxing, personalized environment which will be perceived as something more unique and characterful than a standard hotel. Several years of customer feedback indicates that the right balance has been struck.

All rooms have private baths: seven are en suite whilst one is private but detached.

Services include complimentary wireless Internet access (Shaw: 25mbps), air conditioning, guest-controlled central heat, satellite TV, Keurig or fresh filter tea and coffee units, fridges, and secluded guest-only front terrace and a large decking area at the rear.

One unit has a full kitchen and another has a semi-kitchenette. There is also a full apartment (bedroom, bathroom, living room, kitchen, private entrance) for either the owners or, as at present, a residential on-site manager.

There is private on-site parking for four rooms and enough public parking in the immediate vicinity that all guests can park adjacent or very close to the property. Guests have 24 access via front and rear entrances.

Substantial remodeling of the rear of the property took place in 2008. At the time this created a larger residence for the owners, but this new extension has now been split to create the afore-mentioned management apartment and a two-bedroom guest apartment. Further development took place in late 2016 when the building was finally converted from a large Bed & Breakfast operation into a fully-fledged hotel.

The present owners of over thirteen have gradually created a highly respected first-class accommodation business which differs substantially from anything else in the immediate market. The levels of attention to detail and the nature of the accommodations has carved out a niche in a city where the descriptions ‘authentic’ and ‘unique’ are the guiding community principles.

The current operating model – small independent boutique-style hotel - has now been stabilized, and no substantial operational changes are foreseen in 2019-20. Relatively limited capital expenditure (largely replacement) is expected in the near future; considerable improvements have been made in recent years and no essential work has been identified in the short-term.

Located in one of British Columbia’s most charming and desirable, the Cloudside Hotel offers an opportunity to marry a sound investment with a highly coveted lifestyle. The ability to purchase a profitable turnkey operation that also offers a very nice living space makes for an opportunity that it rarely seen in this part of the world.


General Amenities
Exterior Amenities
408 Victoria Street
Nelson, B.C.
Canada
Sale Type: For Sale
Category: Motels
Larry Berisoff
RE/MAX Kelowna

P: 250-862-8100
Contact Agent
Lot Size/Acres
37.5 feet X 120 feet
Water Service
Municipal
Wastewater Service
Municipal
Residence
1 Bedroom Manager's Suite
Year Built
1900
Zoning
C-1
Kitchen Units
2
Land and Building Included
Yes
Share Sale
Yes
408 Victoria Street
Nelson, B.C.
Canada
Sale Type: For Sale
Category: Motels
Larry Berisoff
RE/MAX Kelowna

P: 250-862-8100
Contact Agent

Please complete the form below to request information for this property. We will review your request and respond to you as soon as possible. Please add any additional notes or comments that we will need to know about your request.

 
408 Victoria Street
Nelson, B.C.
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