 |
|
Huntingdon Hotel (ID: 15224)
Resorts | Victoria, British Columbia, Canada |
 |
Back |
|
|
|
| Price: |
CAD 21,000,000 |
| Status: |
Expired |
| Year Built: |
1975 |
| Lot: |
84000 SF |
| Construction: |
108000 SF |
| |
|
|
|
|
|
|
|
Property Highlights |
 |
waterfront hotel in world class destination |
|
|
115 room hotel on victorias inner harbour |
|
|
20 room boutique hotel on site as well |
|
|
3 restaurants |
|
|
development proposal for 220 fractional ownership suites |
|
|
turn key operation with increase potential |
|
|
Property Description |
FOR SALE
WATERFRONT HOTEL WITH DEVELOPMENT PROPOSAL
Victoria, British Columbia, Canada ~ World Class Destination
The Gatsby Mansion Inn & Restaurant
330 Quebec Street
&
Huntingdon Hotel & Suites
309 Belleville Street
FOR SALE
WATERFRONT HOTEL WITH DEVELOPMENT PROPOSAL
330 Quebec Street & 309 Belleville Street, Victoria, BC Canada
LOCATION
Located in the southeasterly sector of the downtown core
of Victoria in the primary tourism zone.
The subject property is located northwest of the
Provincial Legislature Buildings and to the south side of
the Victoria Inner Harbor.
Passenger and vehicle ferries traveling between Canada
and the USA dock at the Belleville Street ferry terminal
across from the subject property.
SITE
The subject site comprises a rectangular parcel and is
1.922 acres or 83,726 sq. ft. with a total street
frontage of +/- 1,150 along Belleville Street with
+/- 216 feet along Oswego Street.
ZONING
The subject property is zoned BPT, Belleville Park Tourist
District and allows for its current use or Transient
accommodation, restuarants, spas, etc.
Site coverage is 40% with an estimated max. area of
buildings: 83,726 sq. ft. x 1.3 = 108,843 sq. ft.
IMPROVEMENTS
Current Use:
· Turn key high-end hotel operation
· 20-Room Gatsby Mansion Inn
· 115-Room Huntingdon Hotel with banquet
and meeting rooms
· Two Heritage Buildings
· 3 restaurants: 1- 60 seat and 2 -50 seat
· Mix of underground and surface parking
· Cold beer and Wine Store
· Extensive Gardens
· Licenses, chattels, assets, staff and equipment
included
Proposed Use:
· 5 Star Fractional Ownership Resort (see next page
for details.)
FOR SALE
WATERFRONT HOTEL WITH DEVELOPMENT PROPOSAL
330 Quebec Street & 309 Belleville Street, Victoria, BC Canada
Proposed 5 Star Fractional Ownership Resort
Troke & Associates Commercial Real Estate Sales & Leasing
Chris Troke, IC&I
Twenty-One Million Dollars ($21,000,000 Cdn.)
Interested In Belleville Resort Investment Property? We invite you to contact us today for more details.
Information contained herein has been obtained from the owners or from other sources deemed reliable.We have no reason to
doubt its accuracy but regret we cannot guarantee it. All properties subject to change or withdrawal without notice or recourse.
Development Plan
Belleville Park Resort will encompass 220 - 5 star Fractional Ownership suites and are to be sold on timeshare
basis and/or 1⁄4 interest basis. The suites will average 1,040 square feet in size. The hotel/resort will include a
wide mix of sizes and views of the Harbor, Olympic Mountains and the city.
The re-development of the site will be completed in four phases, and will preserve and enhance the present
heritage structures. A portion of the existing Huntington Hotel, as well as the Gatsby Mansion Hotel &
Restaurant can be kept in operation during Phase 1 and 2, to provide on-site guest accommodation for prospective
purchasers of Belleville Park Vacation Ownership units.
The new facility will offer meeting rooms, wedding facilities, Spa and Fitness Centre, family pool, water feature,
premium and family restaurants, concierge service, Porte cochere entrances, secure underground parking and
complimentary retail facilities.
The appraised value of the proposed facility and site is $220,000,000.
The price for the current facility including all licenses, assets, equipment, xtures and goodwill is $21,000,000
(10% of the latent value)
Following Package available on receipt of executed NDA.
• 2007 Appraisal
• The Legal Structure
• Financials for New Proposal
• Belleville Park Incorporation Certicate
• Friendship Development Certicate
• Report on Shared Ownership
• Feasibility Study
• List of Chattels
• Survey Site Plan
• Environmental Study
• Soil Survey
• Land Lease
• Land Lease Letter of Extension
• Concept drawings
|
|
|
|
|
|
 |
|
 |
|
©2009 Hotel Realty Resource About Us | Contact | Privacy Policy | Our Network | Advertising | Home
