Business for Sale

Profitable 31 Room Hotel with kitchenetts

usiness
201 COWICHAN LAKE ROAD Lake Cowichan Vancouver Island and Coast Cowichan Valley
Accommodation & Resorts
$2,790,000.00
 

Fantastic sales and increasing year over year, this well-built and maintained 31 suite hotel is located in a small tourism town just 20 minutes from Duncan, and 80 km from Nanaimo and Victoria. This tourism town has a renowned lazy river tubing, lakes with fishing and boating. Hiking, wine tours and in town attractions just minutes from the hotel. This is the only major accommodation in town. All suites have kitchenettes and are individually metered. The hotel benefits from strong tourism in the summer, and forestry workers in the winter months so it is busy all real round. Besides a turn key operation making money from day one. There is a possible upside opportunity converting this hotel back to a rental building easily, or strata units as per original design and zoning. This should be a very profitable venture. Ask for more details.



 
 
 
 
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Community Profile: Lake Cowichan

Vancouver Island and Coast
Cowichan Valley

The Town of Lake Cowichan is located at the east end of Cowichan Lake whch is the second largest lake on Vancouver Island. The town is located in the beautiful Cowichan Region which is situated between Nanaimo and Victoria.

Statistics
Total Population 3,226
Median Household Income $53,440 ($CDN)
Closest Commercial Airport Nanaimo Airport (60km)
Closest Ocean Port Chemainus (29km)
Closest Major Centre Victoria (81km)
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