Maple Ridge EconoLodge sold for $5 million
The 61-unit hotel also has an on-site restaurant and lounge
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No. of Units: 61
Lot Size: 1.78 acres
Property Type: Recreational
2016 B.C. Assessment Value: $3,779,500
City: Maple Ridge
Name of Brokerage: NAI Commercial
A hotel and restaurant in Maple Ridge have sold for $5 million, according to NAI Commercial.
The EconoLodge is a two-storey, wood frame hotel in the Haney neighbourhood. The 33,100-square-foot hotel includes a 3,600-square-foot restaurant space leased by The Pantry. The majority of suites have two queen beds. The property had an assessed value of $3.77 million and is zoned for service commercial.
The site is located at 21735 Lougheed Hwy, Maple Ridge.
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