A 91-room motel in Courtenay, B.C. has sold for $5.35 million, NAI Commercial tells Western Investor.
The two-storey Travelodge motel is a wood-frame building with an exterior corridor, situated on a 2.28-acre lot. The property has an assessed value of $4.11 million. The sale completed on December 17, 2018.
The property is located at 2605 Cliffe Ave., Courtenay.
Breakdown:
Price: $5,350,000
No. of Units: 91
Lot Size: 2.28 acres
Property Type: Hotel
Zoning: C-2
2018 B.C. Assessment Value: $4,117,000
Date of Sale: 12/17/2018
City: Courtenay
Province: B.C.
Name of Brokerage: NAI Commercial
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