Frontier Hospitality Advisor is a British Columbia based hotel, motel & inn appraisal service. I specialize in appraising Northern BC Hotels, Motels & Inns for refinancing or purchase financing, foreclosure or power of sale, divorce or settlement, purchase or sale considerations, legal purposes, estate & retirement planning.
Northern BC Hotel, Motel & Inn Services
Hotel, Motel & Inn Real Estate Appraisals are my flagship service. Every year I have the pleasure of visiting hotels, motels & Inns across British Columbia for the purpose of completing commercial real estate appraisals.
These unique businesses require a unique solution when it comes time to sell. My “Business Exit Solution” provides a variety of tools to professionally sell a Hotel, Motel or Inn in the most efficient, cost effective way.
The right “going in” price is very important to set a business up for success. Often times buyers don’t have the sales data they need to determine what a fair purchase price is. This service helps ensure buyers are paying fair market value.
Economics and research service that provides analysis and research services on the lodging industry. My work helps clients make strategic decisions, evaluate programs and business alternatives and determine economic and financial contributions.
Sample Northern BC Hotel, Motel & Inn Sale Prices Per Room
Specializing in the hospitality industry allows me to stay up to date on all of the latest trends, transactions, inventory and key performance indicators. Below are some of the latest statistics for the Northern British Columbia hotel, motel & inn industry that will help you develop an estimate of value for your lodging property.
My appraisal will estimate your property’s net income before debt service and depreciation utilizing a forecast of income and expenses. The result will be utilized to estimate its market value via a direct capitalization technique.
Estimate of Market Value = Net Income / Capitalization Rate
Because lodging facilities are income-producing properties that are normally bought and sold on the basis of capitalization of their anticipated stabilized earning power, often the greatest weight is given to the value indicated by the income capitalization approach.
Another way that hotels, motels & inns are commonly valued is the sales comparison approach which uses actual sales of similar properties to provide an indication of the subject property’s value.
The following sample of lodging property sales in the Northern British Columbia region will help you develop a broad value range for your hotel, motel or inn:
- Chalet Motel, Kitimat – $27,400 per room
- Ramada Limited, Dawson Creek – $31,700 per room
- Connaught Motor Inn, Prince George – $33,200 per room
- Lakeview Inns & Suites, Fort Nelson – $44,100 per room
- Anavada Inn & Suites, Prince George – $47,500 per room
- Econo Lodge City Centre Inn, Prince George – $48,100 per room
- Ester’s Inn, Prince George – $64,800 per room
- Riviera City Centre Inn, Prince George – $66,000 per room
- Northern Motor Inn, Terrace – $72,500 per room
- Anchor Inn Hotel, Prince Rupert – $75,000 per room
- Camelot Court Motel, Prince George – $75,100 per room
- Stone Bridge Inn, Fort St. John – $112,400 per room, 15.3% cap
The sales outlined above indicate a value range of $27,400 to $112,400 per available room. Several adjustments will be necessary to render these sales prices applicable to your property. The adjustments, which tend to be subjective, diminish the reliability of the sales comparison approach; furthermore, typical hotel investors employ a sales comparison procedure only to establish broad value parameters.
Northern BC Hotel, Motel & Inn Industry Overview
British Columbia residents make up the largest share of overnight visitation (76%) and spending (56%) in the Northern British Columbia region followed by visitors from Alberta. With the Alaska highway traversing this region, visitors from Alaska and other US states round out the top five.
More than two-fifths of BC residents and half of other Canadians visiting Northern BC stayed with friends and family. The most popular accommodation for other international visitors** was also with friends and family, followed by camping/RV parks. US residents most often stayed in camping/RV parks, motels or hotels.
Northern BC Tourism & Hotel Associations
Northern BC Hotel, Motel & Industry Research Reports
This profile provides a general overview of the region and summarizes the latest data available about overnight travellers visiting the Northern BC.
The 2020 State of the North Report contains some startling
new data regarding the health of the region, trends and
growth into the future.
The region known as Northern British Columbia covers the northern half of the province from Highway 16 north to the Yukon border, and includes northwest BC, which is the focus of this report.
The Northeastern BC Destination Development Strategy is the outcome of a twenty-six month, iterative process of gathering, synthesizing, and validating information with tourism partners about the status and future direction of tourism in the Northeastern BC planning area.
The District of Fort St. James has identified the growth of the tourism sector as an economic development opportunity. Pursuant to a one-day workshop session held in March 2007 a Tourism Committee was formed to lead tourism planning and implementation.
The study was designed to provide information on the characteristics and volume of travellers to Prince Rupert and to support marketing plan design and product development in the Prince Rupert area.
Northern Interior BC:
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