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$5,500,000
Available - For Sale
Listing ID: X12176480
Riviera Inn and Suites 1000 Islands 54 ROOM HOTEL with 2 Bedroom, Living Room, 1.5 Washroom Owner's Apartment For Sale in the heart of Gananoque, at the exit of Hwy 401. Current Owner had been successfully managing this profitable YEAR ROUND OPERATION since 2017. The Hotel has on-site Restaurant "Wheel & Anchor Restaurant & Bar" and a Heated Swimming Pool to serve its Guests and Tour Bus Groups . All Rooms have been Renovated and Upgraded, including Metal Roof, Flooring, Blinds, Furniture, Lightings, Digital Signs etc. etc. The Hotel is ideally situated in the busy commercial area of the town, minutes away from McDonald's, Tim Hortons, No Frills, Canadian Tire and other amenities +The Shorelines Casino & the 1000 Islands cruise line attracts many local and international visitors. Gananoque - just 30 minutes from Kingston, is a gateway to 1000 Islands, a world-famous tourist destination where many local and international TOUR BUSES stop and stay overnight. This Hotel accommodates Tour Buses and Groups from all over the world. The Hotel has a huge parking lot, 4 to 5 tourist buses can be parked. A great Investment opportunity for this Profitable and Year Round Business. The seller's strict instructions: The Employees run the operation and this is EXTREMELY BUSY TIME so Please DO NOT go direct to the property without having a confirmed showing appointment.
Price $5,500,000
Taxes: $86,546
Tax Type: Annual
Occupancy by: Owner
Address: 650 King Stre East , Gananoque, K7G 1H3, Leeds and Grenvi
Postal Code: K7G 1H3
Province/State: Leeds and Grenvi
Directions/Cross Streets: King St E & Thousand Islands Pkwy
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Accommodation
Use: Hotel/Motel/Inn
Building Percentage: T
Total Area: 1.69
Total Area Code:  Acres
Area Influences: Major Highway  
Business/Building Name: Riviera Inn and Suites 1000 Islands
Financial Statement: T
Chattels: T
Franchise: F
Days Open: O
Hours Open: 24 hour
Employees #: 7
Seats: 120
Maintenance: 0
Heat Type: Electric Forced Air
Central Air Conditioning: Yes
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CENTURY 21 PEOPLE`S CHOICE REALTY INC.

650 King Stre East , Gananoque, K7G 1H3, Leeds and Grenvi


 
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Type: Com - Investment
Area: Leeds and Grenville
Municipality: Gananoque
Neighbourhood: 05 - Gananoque
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Tax: $86,546
Maintenance Fee: $0
Beds: 0
Baths: 58
Garage: 0
Fireplace: N
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