Site By Site Motels With Hotel Redevelopment Potential For Sale

Business description

The Recreation Inn and Ponderosa Motel are located on a prime location in Kelowna, B.C. on Highway 97; the main corridor running from North to South through The Okanagan Valley. The property has access from the highway and is centrally located at the intersection Spall Road and Highway 97 close to Spall Plaza, Orchard Plaza, Orchard Park Mall, Kelowna Golf & Country club, Parkinson Recreation Centre, Restaurants, The Apple Bowl, etc.

The Recreation Inn offers 50 rooms, Seasonal outdoor pool, Year-round hot tub & sauna, Restaurant, Barbeques and covered picnic tables, Guest laundry facilities, 24-hr guest reception services and free parking.

The Ponderosa Motel has 125.3 feet highway frontage including 17 units. This part of the property is not fully utilized and has a redevelopment potential by changing existing motel into 6 storey hotel tower with main lobby, conference rooms plus underground parking and tie-in with existing motel.

Property information

Real Estate:

Real Property Included

Location:

The properties are located on a prime location in Kelowna, B.C. on Highway 97; the main corridor running from North to South through The Okanagan Valley. The property is visible from the highway with direct access and is centrally located at the intersection Spall Road and Highway 97 and close to Spall Plaza, Orchard Plaza, Orchard Park Mall and Parkinson Recreation Centre.

Premises details:

PONDEROSA MOTEL:
TYPE OF PROPERTY Motel – C9 Commercial Property
LOT SIZE 0.70 acres or 30,492 SF
0.65 acres or 28,392 SF after roadway dedication
BUILDING SIZE Multiple, one-story buildings, totaling 17-units

RECREATION INN:
LOT SIZE 1.21 acres or 52,708 SF
BUILDING SIZE 23,310 SF
YEAR BUILT Approximately 1978
UNIT MIX Executive (EXE) 1 unit
Suite (SQH) 1 unit
One bedroom Suite 8 units
Standard Suite 10 units
Deluxe Suite (Q2H/N) 8 units
Standard Kitchen 16 units
Deluxe Kitchen 6 units
Total 50 units

Business Operation

Expansion potential:

Motels with Hotel redevelopment potential in prime location

Competition / Market:

Kelowna is a world class destination for many tourist. To cater to the many tourist there many hotels and motels in Kelowna and area.

Trading hours:

24/7

Years established:

30 years

Other information

Support & training:

training available, manager on site