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.
Image Credit: Google maps
August 11, 2017 - 1:12 PM
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.
To contact a reporter for this story, email Steve Arstad or call 250-488-3065 or email the editor. You can also submit photos, videos or news tips to the newsroom and be entered to win a monthly prize draw.
We welcome your comments and opinions on our stories but play nice. We won't censor or delete comments unless they contain off-topic statements or links, unnecessary vulgarity, false facts, spam or obviously fake profiles. If you have any concerns about what you see in comments, email the editor in the link above.
News from © InfoTel News Ltd, 2017