Penticton's Slumber Lodge motel sold for $3.55 million
The two-storey Slumber Lodge is directly across from Okanagan Lake and has potential for development
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A family-friendly motel across from Okanagan Lake has sold for $3.55 million, NAI Commercial reports.
The 46-unit Slumber Lodge is located across from a lakeside casino and Penticton’s downtown core. The two-storey motel has undergone upgrades to its modern rooms and offers the buyer the possibility to expand or develop a portion of the site’s additional land. The hotel is zoned CT1 for tourist commercial and was built in 1960.
The Slumber Lodge is located at 274 Lakeshore Dr., Penticton.
No. of Units: 46
Lot Size: 1.12 acres
Property Type: Hotel
2016 B.C. Assessment Value: $3,122,200
Date of Sale: 06/15/2017
Name of Brokerage: NAI Commercial Okanagan
Name of Vendor: 514932 BC Ltd.
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