DOVER HOTELA Multi-Revenue Hospitality & Commercial Investment OpportunityAn established hospitality property offering multiple income streams, over one acre of land, and significant value-add potential.Built in 1941, Dover Hotel combines hospitality, entertainment, retail, and real estate investment opportunities. With several existing revenue sources and room for expansion, the property offers potential for an owner-operator or investor seeking to enhance income and unlock additional value.KEY INVESTMENT HIGHLIGHTSâ¢Over 1 acre of land offering future development potentialâ¢22 guest rooms, with 12 currently operationalâ¢Opportunity to activate additional rooms following required electrical-system upgradesâ¢30 VLTs providing an established entertainment revenue streamâ¢Lounge and restaurant generating food and beverage revenueâ¢Liquor store and convenience store providing additional retail incomeâ¢ATM and guest room rental revenueâ¢Three lots potentially available for separate sale, subject to applicable approvalsâ¢No asbestos in the building, potentially simplifying future renovationsMULTIPLE REVENUE STREAMSDover Hotel offers a diversified operating model combining:Lounge - Restaurant - Liquor Store - Convenience Store - VLTs - Guest Rooms - ATMThese complementary operations provide opportunities to generate revenue from hospitality, entertainment, food and beverage, and retail.SIGNIFICANT UPSIDE POTENTIALOf the 22 guest rooms, 12 are currently operational. The remaining rooms offer an opportunity to expand accommodation capacity following the required electrical upgrades.The propertys substantial landholding adds further investment appeal. Three lots may potentially be sold separately, subject to approvals and market conditions, providing an opportunity to generate capital or explore redevelopment options.OPPORTUNITY TO ADD VALUEAn incoming owner may explore opportunities to:â¢Expand room inventory and accommodation revenueâ¢Modernize existing facilitiesâ¢Optimize lounge, restaurant, and retail operationsâ¢Maximize the VLT operations potentialâ¢Evaluate the separate sale of three lotsâ¢Explore redevelopment or alternative uses, subject to zoning and municipal approvalsA COMBINATION OF BUSINESS & REAL ESTATEDover Hotel offers the opportunity to acquire an operating hospitality business alongside a substantial real estate asset with multiple existing revenue streams and identifiable value-add opportunities.For an owner-operator, it offers several complementary businesses under one roof. For an investor, it provides a platform to pursue operational improvements, additional income, and potential long-term real estate value.Dover Hotel â Established operations, diversified income, and room to grow. (id:32467)
| Building |
Hospitality |
| Rooms |
|
| Bedrooms |
|
| Bathrooms |
0 |
| Square Footage |
15815 ft² |
| Built in |
1941 |
| Parking Type |
125 |
| Neighbourhood |
Edmonton |
