Maple Ridge EconoLodge sold for $5 million

The 61-unit hotel also has an on-site restaurant and lounge

By
for Western Investor
June 15, 2017





econolodge
 
Price: $5,010,786
No. of Units: 61
Price/Unit: $82,144
Lot Size: 1.78 acres
Property Type: Recreational 
Zoning: CS-1 
2016 B.C. Assessment Value: $3,779,500
City: Maple Ridge   
Province: B.C. 
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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Gary has been in the real estate business for over 25 years and specializes in industrial and land sales.

NAI Commercial
1300, 1075 W Georgia Street
Vancouver, BC V6E 3C9
Office: 604-691-6693

J-D joined NAI in 2007 and has participated in the completion of both development and investment transactions for industrial, retail, commercial, and agricultural properties throughout B.C.

NAI Commercial
1300, 1075 W Georgia Street
Vancouver, BC V6E 3C9
Office: 604-691-6664

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