Boutique Style Hotel In Nelson BC! $1,750,000

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 caretaker.

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 seventeen years 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. 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 area, 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.

Water Service : Municipal
Wastewater Service : Municipal
Asset Sale : No
Residence : Yes - full apartment (bedroom, bathroom, living room, kitchen, private entrance) for either the owne
Taxes : $10,158
Year Built : 1900
Zoning : C-1
Kitchen Units : One unit has a full kitchen and another has a semi-kitchenette
Land and Building Included : Yes
Share Sale : Yes
408 Victoria Street
Nelson, BC
Sale Type: For Sale
Larry Berisoff
RE/MAX Kelowna

P: 250-862-8100
Contact Agent