Back to businesses for sale
Hospitality

54 Room Renovated Hotel In 1000 Islands, ON

Gananoque, ON, CAN
Listed 334 days ago

Listing Description 54 ROOM HOTEL with 2 Bedroom, Living Room, 1.5 Washroom Owner's Apartment For Sale in the heart of Gananoque, at the exit of Hwy 401. Current Owner had been successfully managing this profitable YEAR ROUND OPERATION since 2017. The Hotel has on-site Restaurant and a Heated Swimming Pool to serve its Guests and Tour Bus Groups . All Rooms have been Renovated and Upgraded, including Metal Roof, Flooring, Blinds, Furniture, Lightings, Digital Signs etc. etc. The Hotel is ideally situated in the busy commercial area of the town, minutes away from McDonald's, Tim Hortons, No Frills, Canadian Tire and other amenities +The Shorelines Casino & the 1000 Islands cruise line attracts many local and international visitors. Gananoque - just 30 minutes from Kingston, is a gateway to 1000 Islands, a world-famous tourist destination where many local and international TOUR BUSES stop and stay overnight. This Hotel accommodates Tour Buses and Groups from all over the world. The Hotel has a huge parking lot, 4 to 5 tourist buses can be parked. A great Investment opportunity for this Profitable and Year Round Business. The seller's strict instructions: The Employees run the operation and this is EXTREMELY BUSY TIME so Please DO NOT go direct to the property without having a confirmed showing appointment. Please contact the listing agent to get more info OR income/expenses statement: NIRAJ PANCHOLI, REALTOR® Century 21 People's Choice Realty Inc. Brokerage Specializing in Selling Motels & Hotels in Ontario with Proven Records Since 2011 SOLD OVER 50 MOTELS AND HOTELS IN ONTARIO TOP 100 Producers in Canada Award: Nov. 2023 TOP 75 Producers in Canada Award & CENTURION® PRODUCER Award: 2017-2021 Outstanding Achievement Award of Excellence 2011,2012,2013,2014,2015,2016,2017,2018, 2019, 2020, 2021, 2022, 2023, 2024

Real Estate

Real Property Included

Management Type

This business is owner operated.

Financials

Asking Price
$5.5M
RevenueMost Recent Year
Undisclosed
EarningsLast Reported
Undisclosed
Assets Value
Undisclosed
Seller Financing
Not available

Interested in this business?

Get in touch with the seller to ask questions and learn more.

Get Expert Help with your acquisition

Connect with an advisor who can guide you through evaluating, financing, and closing the right business acquisition.

Similar Listings

Hotel Resort for Sale in Playa Coronado, Panama

Hotel Resort for Sale in Playa Coronado, Panama

Florida, USA
Updated 11 hours ago
Verified about 12 hours ago
Asking Price
$17M
Earnings
Undisclosed
Turnkey Banquet Hall for Sale in Miami, FL - Ideal for Weddings and Events

Turnkey Banquet Hall for Sale in Miami, FL - Ideal for Weddings and Events

Miami, FL, USA
Updated 11 hours ago
Verified about 12 hours ago
Asking Price
$375K
Earnings
Undisclosed
Charming Hotel for Sale Surrounded by Coffee Attractions in Quindio, FL

Charming Hotel for Sale Surrounded by Coffee Attractions in Quindio, FL

Florida, USA
Updated 11 hours ago
Verified about 12 hours ago
Asking Price
$350K
Earnings
Undisclosed