Penticton's Jubilee Motel to change hands

The real estate and investment guide Western Investor recently reported the sale of Jubilee Motel in Penticton for $1.2 million.
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PENTICTON  - Another Penticton motel is changing hands.

The Western Investor reported Aug. 10 the sale of the Jubilee Motel, located at 2475 Skaha Lake Rd. in Penticton, for $1.2 million in a sale scheduled to close on Aug. 30.

The 26 unit motel sits on just under an acre of land. The property has an assessed value of $936, 400 and was listed at $1.3 million.

In early July, Penticton’s Slumber Lodge on Lakeshore Drive sold for $3.55 million.

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