$16,945,000

Coast Osoyoos Beach Hotel 7702 Main Street

Osoyoos, British Columbia V0H 1V0

  • Sqft: 33,977

  • Acres: 0.78

Description

Located directly on the shores of stunning and top-rated Osoyoos lake is this incredible business opportunity to own and operate a 62-room beachfront hotel. Currently operating as a Coast Hotel – The Coast Osoyoos Beach Hotel has been in operation as a wildly popular lodging destination since 1968. They feature 62 guest rooms, a leased dining area, an indoor pool complete with a waterslide, a whirlpool, a fitness room and a lobby workstation area. For guest convenience, there is also a self-operated guest laundry facility.

Outside, your guests can enjoy the incredible weather that Osoyoos offers on your outdoor patio area, complete with a BBQ area and beach right at your toes! Located with high visibility from the main highway that runs through Osoyoos-Highway 3 -Crowsnest, the location can’t be beaten! Guests return yearly for the fantastic facilities and beach access this incredible location offers.

It is operating as a Coast Hotel currently and with the ability to continue with the license agreement to stay with the Coast Hotel brand, which currently operates 37 hotels in BC, Alberta, the Northwest Territories, and the Yukon, as well as other locations in the Pacific Northwest. This hotel has done upgrades over the years to stay up to current brand standards and to keep a visually pleasing, well-maintained appearance.

The 62 rooms are comprised of 3 Queen rooms, 12 Queen with Kitchen, 3 King Bedrooms, 17 Two Double Bedrooms, 5 Two Queen Bedrooms, 7 Two Queen Bed rooms with Kitchen, 9 One - bedroom suites, 4 Two bedroom suites, one Penthouse Suite, and one Manager Suite. Thirty-four of the guest rooms feature kitchenettes, with the remaining rooms featuring typical hotel room amenities such as minifridges and coffee-making stations.

The hotel also contains all appropriate back-of-house spaces, in-house laundry facilities,

Maintenance/storage area, administrative office with everything in good working order.

Upgrades for the hotel have happened continuously since 2012-2013. At that time, a lobby upgrade, corridors, the breakfast room and guestrooms were renovated. Again in 2018-2019, after flood damage, a considerable amount was spent on necessary repairs and upgrades. Guestrooms were outfitted with 32 LCD TVs, new carpets and countertops in washrooms and kitchens, new laundry equipment was installed, and various property-wide renovations were also done.

 A detailed report of historical and projected revenue metrics is available and proves that this is a fruitful opportunity for the discerning buyer. With a proven track record and decades of successful business in the Osoyoos area, this property is sure to continue on serving guests a one-of-a-kind lodging experience on the gorgeous shores of Osoyoos Lake.

Direct Link to Hotel Website CLICK HERE

Directions

Located just under 400kms from Vancouver, Osoyoos is accessible year-round via two major highways. Travel east on Highway 1 TransCanada Highway until the junction with Highway 3 Crowsnest Highway just past Hope.

Driving to Osoyoos from Kelowna, simply take Okanagan Highway south and in a short 1.5hrs, you will be at your destination!

Area

Classified as Canada's only desert, Osoyoos has the warmest annual temperature, lower annual precipitation and also the warmest freshwater lake! Osoyoos is also absolutely gorgeous to look at, from the rugged hills and surrounding mountains all the way to the rolling vineyards and sandy lakeshore.

The community is vibrant and active, with excellent amenities. A dynamic downtown offers guests a broad range of goods and services. Our arts and cultural facilities include an active arts council, museum, concert society, and theatre group, as well as various ethnic, service, and charity organizations giving Osoyoos a balance and sophistication typically found only in larger urban areas.

 

Recreation

 Surrounded by desert landscapes, vineyards, orchards, hills and mountains, Osoyoos Lake is truly a paradise for all ages. Warm temperatures make Osoyoos Lake perfect for swimming, boating, SUP, kayaking, fishing, tubing, or floating.

 Osoyoos is Desert Wine Country's Sweet Spot, with the charm of a beach town surrounded by the only living desert in Canada. Taste award-winning wine bottled where it is grown, savour sun-warmed fruit straight off the tree, visit centres devoted to the preservation of the ecology, native culture and local history and then refresh yourself in the warmest freshwater lake in Canada.

 

Investment

 A full and complete breakdown of the revenue projections is available. Please contact us today for a more in-depth report!

 

Equipment included

This is a turn key sale with all items, inventory and equipment included to continue on with the seamless operation of the hotel as it transitions to new ownership.

 

Zoning

C4 – Tourism Commercial

 

Legal

Lots 2-5 District Lot 40 Similkameen Division of Yale Plan 3531

PIDs

010-846-859

010-846-867

010-846-875

010-846-891  

 

THIS IS A SHARE SALE ONLY!

 

The information contained herein is provided by the Seller and other sources believed to be reliable.  3A® Group, powered by RE/MAX Nyda in Agassiz, are making no representation, either verbal or otherwise, as to the accuracy or correctness of the information contained herein and the buyer is cautioned to make any inquiries necessary to satisfy all questions or concerns.

 

Details

  • Agent: Freddy Marks
  • Property Type: Commercial
  • Commercial: Yes
  • Resort / Lodge: Yes

Waterfront

Yes

Featured Search

Yes

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