Friday, July 28, 2017
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Hotel for Sale – Norfolk County Ontario Real Estate

Here’s another project that requires improvements and will be a crown jewel for your portfolio. The property is a 34 room hotel and is hosting over 13000 square feet in space total.  The building is a two storey with second floor dedicated to the hotel rooms and two bars and a cafe on the main floor.  The full basement is a night club and all are currently in need of some cosmetic renovations to bring them up to today’s standard.

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The investment is perfect for a user/investor who is looking to upgrade the space, and make this into a crown jewel of their portfolio.  The current cap rate for the property (based on actual income) is 14% as it requires major renovations.  The property is currently generating over $9,000 per month in cash flow as is.

For more information, please reach out to me ASAP

Financial Review – Norfolk Inn