Mainstay Inn, Palliser Regional Park

Available for sale is a 29-room resort hotel property located at Palliser Regional Park next to the scenic Diefenbaker Lake. This property consists of 7 buildings on a 22-acre lot. The main building faces North-East with an incredible vista of the lake and is surrounded by natural greenspaces. This property is in a prime location inside the park boundaries as it is on the main entrance road close to the golf course, beach, pool, and North Campground. This main road is also the only connecting road between the North Campground and the South Campground where the marina and boat launch is found. Palliser Park amenities include: hiking trails, marina & boat launch, beaches, 70+ cottages, 370+ campsites, heated swimming pool, in-park concessions, as well as water activities like boating and fishing. The lot is rectangular in shape (approx 754ft of frontage with 1,210ft of depth) and is leased from the Palliser Regional Park Authority. The lease is valid until March 2050. It has established landscaping, a large, gravelled driveway with excellent parking facilities that can park at least 40 vehicles. The main building was originally constructed in 1990 and features 9 hotel rooms, lobby & restaurant space, full commercial kitchen, meeting and convention spaces, utility & storage space, and living quarters for an owner or on-site operator. The 6 additional buildings consist of a 4-room motel, a 4-room log style motel, 3 log style motels that contain 12 kitchenette units, and a small maintenance shop. There is over 16,000 sqft of building space (as per SAMA records) on the property. Overall, this property has a lot going for it, produces reliable income (even during recent disruptions to the hotel/motel sector), and has the opportunity for further development. This could be the perfect scenario for someone looking to advance their career by getting into business for themselves or to simply expand their real estate portfolio to increase profitability. (id:3082)

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