09/10/2024
📍125 Dundas Avenue, London, ON
Asking: $5,000,000
Prime Location: Situated in the heart of London, Ontario, offering excellent access to local attractions, businesses, and amenities.
Boutique Charm: Features 20 uniquely styled boutique hotel rooms, each designed for an intimate and personalized guest experience.
Modern Facilities: The hotel has a contemporary, modern feel, with one elevator and one stairwell providing easy access to all areas. Renovated & Reopened: The property underwent significant renovations in 2008/2009, with the hotel reopening to guests in 2010.
Occupancy: Current occupancy rate stands at 65%, reflecting a solid guest base and potential for growth.
Revenue Performance: Generated revenues of over $1.1m in 2023, with healthy profitability.
Average Daily Rate (ADR): Market ADR is $230 per night, competitive within the local market.
Compact Site: The property sits on a 5,148 square feet (0.12 acres) site, offering an efficient layout and manageable operational footprint.
Investment Potential: Ideal for investors looking for a well-positioned, modern hotel with room to enhance occupancy and profitability.
Turnkey Opportunity: This hotel is ready to operate under new ownership, with all necessary infrastructure and operational systems in place.
Contact:
Ali Cheema, REALTOR®
Royal Lepage Real Estate Services Ltd.,Brokerage
231 Oak Park Blvd., Suite 400, Oakville, ON
[email protected]
647.995.2541
