5700 Stanley Avenue, Niagara Falls, ON Contact Us Colliers International Niagara Ltd. 4056 Dorchester Road Niagara Falls, ON L2E 6M9 MAIN: +1 905 354 7413 FAX: +1 905 354 8798 www.collierscanada.com For Sale Hospitality investment property 5700 Stanley Avenue, Niagara Falls operating as Asking Price $10,500,000 Tourism is on the rise again. Now is the time to invest! This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s). 2016. All rights reserved. Colliers International Niagara Inc., Brokerage.
Property Highlights > > Located at 5700 Stanley Avenue; o/a > > 132 rooms > > Newly built in 2008 > > 6 floors > > +/- 60,000 sq. ft. > > 1.21 acres > > 95 parking spaces > > Natural gas - 110 volts > > Indoor pool opportunity for growth > > Add meeting room in spacious basement > > Build restaurant on adjacent property > > Correctly market
Property Highlights Amenities All guest rooms in the Niagara Falls are comfortable, clean and well equipped to satisfy the needs of the everyday traveler. The hotel is comprised of 132 rooms; 15 jacuzzi suites, 67 doubles and 50 singles. Many great in room hotel amenities are offered, including but not limited to the following: > > 26 flat panel televisions > > Free wireless internet > > Free expanded cable > > Jacuzzi suites > > Standard queen or double bed > > Free local calls > > Mini-refrigerators > > Family suites > > Accessible rooms The Niagara Falls is a great place to stay while in Niagara Falls. The hotel has more to offer than just a premiere location with 132 comfortable guest rooms. offers: > > Children under 18 stay free > > Indoor pool > > Free morning coffee > > Pet friendly > > Guest laundry facilities > > Elevator > > Wirelss internet > > Coin laundry > > AAA/CAA approved
Property Parcels The property of is divided into 3 separate parcels as shown by the aerial images. Further information is as follows: > > PIN: 643460130, 643460128, 643460121 > > Property Taxes: $187,032 (2014) to be verified > > Zoning: TC -Tourist Commercial > > Total Lot Size: 1.21 acres
FOR SALE> Hotel/Motel 5700 Stanley Avenue, Niagara Falls, ON Fallsview Casino Scotiabank Convention Centre Casino Niagara The Location The property is located in a high traffic tourist location along the east side of Stanley Avenue which is a busy north-south thoroughfare through the City and a gateway into the tourist area. Stanley Avenue is lined with commercial uses, hotels/motels, restaurants, fast food outlets, tourist attractions, etc. The property is just, 950 m to Clifton Hill amusement area, 1.2 km to the Fallsview Casino, 1.8 km to the Scotia Bank Convention Centre and 4.6 km to Marineland and 3 km to the US Border crossing. Brink of the Falls
Niagara Falls > > Annual gross revenues over $706 million > > Approximately 27,000 visitors staying in Niagara Falls each night during the summer > > Niagara is linked to the United States by three of the busiest bridges in Canada The City of Niagara Falls is located between Lake Ontario and Lake Erie and borders Niagara Falls, New York. The location of the city is such that 120 million consumers are only a one day s drive away. Niagara Falls is accessible by Ontario s major highway system via the Q.E.W, with major interchange access points including Thorold Stone Road, Hwy. 420 and McLeod Road. Rail and water transportation (via the Wellandship Canal) is also available. A regional airport is located in Niagara-on-the-Lake, which has turned its operations over to a new private management team. The City of Niagara Falls has a population of approximately 82,997 people (2011 census). The population growth from 2001 to 2006 was 4.3%, and from 2006 to 2011 was 1.0%. Niagara Falls Accommodation Market Rooms 14,643 Annual Occupancy 56.9% Average Daily Rate $143.95 RevPar $81.91 Available Room Nights 5,344,695 Occupied Room Nights 3,041,131 Room Revenue $437,770,807 Source: PKF Consulting Inc. Overnight Travel in Niagara Falls More than one-third of all visitors to Niagara Falls stay overnight. 50% of all overnight visitors stay at hotels, motels, or bed and breakfast providers. 76% of all visitors spending in Niagara Falls is generated by overnight travellers. Source: Statistics Canada Tourism on the Rise Tourism operators are reporting a 20-25% increase Low Canadian dollar is attracting more tourists Stable gas prices allow for longer distance travellers Ease of the U.S. Border crossing is encouraging U.S. travellers Major Market Outlooks 2012 Actual 2013 Actual 2014 Actual 2015 Forecast 2014-15 Change Toronto Occ ADR RevPAR 66% $130 $86 68% $134 $92 70% $139 $97 70% $145 $102 0 pt 4% 4% Niagara Falls Occ ADR RevPAR 59% $130 $77 59% $133 $78 61% $141 $87 63% $147 $93 2 pt 4% 7% Ottawa Occ ADR RevPAR 70% $141 $98 68% $140 $96 70% $144 $101 73% $151 $111 3 pt 5% 10% Montreal Occ ADR RevPAR 65% $136 $88 67% $141 $94 69% $146 $101 71% $153 $109 2 pt 5% 7.5% Source: PKF Consulting
For Sale > Hotel/Motel 5700 stanley Avenue, niagara falls, ON NIAGARA S CASINOS SCOTIA BANK CONVENTION CENTRE
Zoning Tourist Commercial (TC) 8.6 TOURIST COMMERCIAL ZONE (TC ZONE). 8.6.1 PERMITTED USES: No person shall within any TC Zone use any land or erect or use any building or structure for any purpose except one or more of the following uses: (a) Art gallery (b) Assembly hall (c) Automobile service station (d) Bake shop 2002-061 (e) Bank, Trust Company, Credit Union, Currency Exchange (f) Beer, wine or liquor store (g) Car rental establishment, truck rental establishment 2002-061 (h) Car wash, interior and exterior hand car cleaning (i) Clothing store (j) Convention centre (k) Day Nursery (l) Drive-in restaurant (m) Drug store (n) Exhibitions of wax works, automobiles, handcrafts, natural or artificial curiosities, freaks of nature (o) Food store (p) Health Centre (q) Hotel (r) Motel (s) Museum (t) Parking lot (u) Personal Service shop (v) Photographer's studio (w) Place of entertainment (x) Place of worship (y) Private club (z) Public garage, mechanical (aa) Recreational uses (bb) Restaurant (cc) Service shop 2002-061 (dd) Sightseeing tours establishment, sightseeing tourist information centre (ee) Souvenir store (ff) Tobacco store