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Location: Southern Ontario
Number of Units: 25 Units, Limited Service
Year Constructed: 1980s
Corridors: Exterior
# of Stories: 2
Chain Affiliated ? : Yes
Cost to Transfer Franchise: Unknown
AAA Rated ? : Yes, 2 Diamonds

Asking Price: $ 899,000 US * (See Below)
Gross Rooms Revenue: $ 200,000-Plus US for 7-Month Period Ending 10-31-2005
Gross F&B Revenue: Potential
Gross Other Revenue: Potential
Annual Property Taxes: $ 25,480 (converted to US Dollars)
Annual Insurance Costs: $ 9,100 (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 is part of the (100) Unit property also being advertised-for-sale on LodgingIndex.  This 25 Unit "Annex" is a completely seperate property, legally divided, separate utility metering, seperate lobby etc.  This portion of the property is being offered up for someone seeking a smaller, easier to manage property within a bustling tourist area.  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.   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.

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Interested? If you would like to obtain more information about this property-for-sale, please complete and submit the form below.  Upon receipt of this form, the property owner will be notified of your inquiry, and you will receive a subsequent email, sent to the Email address you specify below, from LodgingIndex regarding this property.   Thereafter, discussions can start directly between you and the property owner.   In order to receive additional information, please make sure that you complete the form below and include an accurate, valid EMail address!   By submitting the form below, the inquirer agrees that all subsequent information obtained as a result of this inquiry is strictly confidential and is not to be disclosed to or shared with any outside parties.  Please refer any additional interested purchasers directly to www.lodgingindex.com.

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