Interest in local hotel and motel real estate continues | iNFOnews | Thompson-Okanagan's News Source

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Interest in local hotel and motel real estate continues

The Okanagan Falls Hotel went on the sale market last Tuesday, carrying a $3,200,000 price tag.
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January 11, 2018 - 5:00 PM

OKANAGAN FALLS - Another South Okanagan hotel is on the sale block.

The Okanagan Falls Hotel is on the market, carrying a $3.2 million price tag.

The 18,000 square foot hotel has three liquor licenses including, a beer and wine store, restaurant and 12 rooms for rent upstairs, with an apartment.

The building has undergone a number of upgrades and renovations over the past few years.

The sale includes a lot across the street, purchased by the hotel for overflow parking.

Realtor Janice Poncé, who holds the listing under Royal LePage Locations West Realty, says the “boutique hotel” is a small but complete business, fully self-contained.

It was listed Tuesday.

Several Penticton motels changed hands last year in the Peach City  as commercial realtors reported strong interest in motels.

Poncé says that interest is continuing into 2018.

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