Avison Young Lists Best Western Plus - Moncton, New Brunswick, Canada

Best western CanadaAvison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Best Western Moncton (hereinafter "Property," or "Hotel"), a select service hotel located in Moncton, New Brunswick, Canada. 

The Property is close to Highways 15 and 2 in New Brunswick and offers convenient access to all attractions. The Hotel is within walking distance to Bass Pro Shops Outdoor World and the Champlain Place Mall, the largest shopping mall in the Maritimes as well as several pubs and eateries, Nearby local attractions include Magnetic Hill and Zoo, Magic Mountain Water Theme Park, Tidal Bore of Petitcodiac, Pays de la Sagouine, Hopewell Rocks Exploration Site, Salt Water Beachers and Les Dunes de Bouctouche. The Greater Moncton International Airport is less than a 10-minute drive, and the University of Moncton is just five minutes away from the Hotel. Shediac, New Brunswick is less than a 20-minute drive from the Hotel. Shediac, which sits on Shediac Bay, is known as the lobster capital of the world and hosts an annual weeklong fesival supporting the community's lobster culture with approximately 1,000 people attending. The town's popular beaches include Parlee Beach Provincial Park and Cap-Pele- a coastal village known for its sandy beaches which are among the most beautiful in Easter Canada. 

The Property is a three-story, interior corridor hotel built in August of 2003. The Hotel is a select service hotel that has a lobby and reception area, guest laundry, and convenience/sundy store. Guests can enjoy complimentary breakfast, indoor pool, exercise facility, business center, and meeting facilities. 

Property Highlights

  • Property is a non-smoking Hotel offering 80 guestrooms
  • The Property has a fully bilingual staff-English and French
  • Banquet facilities
  • Meeting facilities with audio/visual equipment
  • Adjoining rooms available
  • Spa-Whirlpool available
  • Microwave/refrigerator available
  • Kitchenettes available, pans, dishes
  • 98% rating on TripAdvisor and has been nominated for several awards
  • Concrete frame construction

Upside Potential

There are a number of compelling aspects to this investment opportunity, which should provide a significant increase in value for an investor, which are as follows:

  • Well built, newer property
  • Excellent location
  • Continued market growth
  • Priced below replacement
  • Room for expansion
  • Improved operating margins

Financial Highlights

Price- $10,000,000

Price Per Key- $125,343

Number Of Rooms- $80

For more information on this listing, contact: 

Rick George
Email: rick.george@avisonyoung.com
Office: 312-434-2430

Mike George
Email: mike.george@avisonyoung.com
Office: 312-371-6550
 

 

 

published: 06-15-2017

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