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zoso

Never worry about getting a room up north again.

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16 hours ago, Viperules700 said:

Not many business returns that kind of revenue though. Probably just playing with market and see if anyone bites. It gets very tiring running these type of places. 

Yes, Kijiji is free advertising... :)

16 hours ago, zoso said:

The 2500 sq foot living quarters and restaurant revenues must also come into play as well when you look at numbers. Even so, 2.2 is way high IMO. It will not sell at that price.  Is it really only 80 bucks for a room there, no wonder it is full all the time.

It was $79 single, $84 dbl occupancy last weekend.  Maybe higher in the summer??

16 hours ago, Sevey said:

Don't under estimate the immigrant buyers. They all come here with decent money and recognize the value of these types of operations. Its an easy entry point for them to our market.

MS

Intrinsic value?  Yes, its on a big lot right on the trans Canada.  Even in Sudbury, that's a valuable piece of dirt.

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If it's across the road from the proposed upcoming casino - although read there was some local opposition to the plan - would probably rip up the current motel and build another.

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1 hour ago, slomo said:

If it's across the road from the proposed upcoming casino - although read there was some local opposition to the plan - would probably rip up the current motel and build another.

Oh you have no idea the crap around the casion/arena/convention center.

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