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Location: Southern Ontario
Number of Units: 100 Units, Limited Service
Year Constructed: 1960s
Corridors: Interior and Exterior
# of Stories: 2
Chain Affiliated ? : Yes
Cost to Transfer Franchise: Unknown
AAA Rated ? : Yes, 2 Diamonds

Asking Price: $ 3,799,000 US * (See Below)
Gross Rooms Revenue: $ 1,100,000 US for 7-Month Period Ending 10-31-2005
Gross F&B Revenue: Potential
Gross Other Revenue: Potential
Annual Property Taxes: $ 81,900 (converted to US Dollars)
Annual Insurance Costs: $ 27,300 (converted to US Dollars)
Seller/Private Financing Available ?: Negotiable

Other Property Included: N/A

Other Information: This franchised property is strategically located within walking distance of major tourist attractions.  It features (100) units, including (11) Jacuzzi Rooms, (8) Suites, and (12) "Triple" Units with (3) Double Beds each (great for families).   Guests enjoy the outdoor pool, whirlpool and sauna.  It has been owned and operated by the same family for the last 30-plus years; but the owner is now retiring and wants to sell.  The property boasts outstanding occupancy and rates, resulting in profitability while operating seasonally, just 7 months per year.   There is a restaurant and bar on the premises (or the possibility of a souvenier shop) that could be operated or leased out, generating additional revenue.   The property also features a 2BR "Manager's Quarters" Apartment, perfect for an owner/operator/resident manager.   Recent renovation projects include the installation of new electronic locks, new doors, new ceramics in bathroom, replacement of beds and TVs.  All guestrooms have been recently painted.

* - This property was appraised in April 2006 for $ 4,250,000.  Such an appraisal should facilitate the acquisition of financing for this property.

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