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Syber Realty
201-1449 St. Paul Street
Kelowna, BC
Canada  V1Y 2E5

Phone 250.862.8100

Fax 250.862.8300

 email@syberrealty.com

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Reynolds Hotel $2,500,000 $2,149,000

Boutique Hotel with liquor store...great return!

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Reynolds Hotel

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Overview

Syber Realty Ltd. is pleased to offer the Reynolds Hotel in the historical thriving community of Lillooet, British Columbia. The business has been an integral part of the food, beverage and accommodation industry in this community since it opened for business in 1941. The business has been in the same family since 1971 and the second generation owners who have owned the business since 1995 now wish to move on to other opportunities.

The business currently offers 10 boutique rooms to clients. The rooms are all different, are very comfortable and are decorated with period furniture and local antiques. The rooms are exceptionally well cared for with cleanliness being their hall mark. There is a small but very profitable retail liquor store which is located just off the lobby. The owners have incorporated a small convenience store into the liquor store area which is well patronized. The on–site restaurant has been leased to the same operator since 1997 and is well regarded in town. The small pub completes the amenities.

The hotel building is very solid, well maintained and the roof appears to be in good condition. The building is ideally located on Main Street at the entrance to town. Access to the business is excellent. The adjacent house which is on a separate lot requires renovations but could provide accommodation for a manager or new owners after renovations. It can be purchased separately. A new owner could easily add additional rooms inside the hotel.

The business has a long history of profitability which could be enhanced. The current owners are active in the business on a part time basis and have staff for all positions. Owners who are active in the business could easily reduce labour costs significantly.

If you are considering a profitable hotel purchase where all of the heavy work is done and with room to grow you should consider

Reynolds Hotel!

Reynolds Hotel
Lillooet, British Columbia V0K 1V0
Sale Type: Reduced
Agents
Ron Palmer
Syber Realty
This email address is being protected from spambots. You need JavaScript enabled to view it.

Details

Lot Size: 60 x 180
Units: 10
Year Built: 1941
Water: municipal
Sewer: municipal
Share Sale: yes
Residence: yes
Leased Restaurant: yes
Pub : yes
Inventory Included: no
Liquor Store: yes
Zoning: C1
Asset Sale: no
Land and Building Included: yes
Taxes: $30,234
Reynolds Hotel
Lillooet, British Columbia V0K 1V0
Sale Type: Reduced
Agents
Ron Palmer
Syber Realty
This email address is being protected from spambots. You need JavaScript enabled to view it.

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