A one of a kind business opportunity is available for a passive investor(s) to acquire a well-established well-known hotel with a proven track record and average gross sales exceeding $1m per season.
The business has been operating for over 30 years as a successful, profitable enterprise that is situated within a major economic region of the Yukon that is home to numerous economic expansion projects in a rapidly growing city.
This beautiful 40+ room hotel is a popular travel destination and internationally known landmark that draws tourist from around the globe, year after year. The business operates seasonally from May to October, giving the investor(s) the freedom to live your life and generates more than enough money to do so..
A Brief History
The Midnight Sun Hotel first opened in 1974, and has been profitably owned and operated by the original proprietary family for over 30 years.
The building was built in 1984 to resemble the original building from the klondike Gold Rush era that was consumed by fire in 1981.
Historically, the Hotel has been operated on a seasonal basis, opening in May and closing in September/October each calendar year.
Market And Competition
Where the Klondike and Yukon rivers meet is where you will find this beautiful city that is the home of the 1898 Klondike gold rush that made 1000's of gold miners, entrepreneurs and explorers head north in search of fortune. Today 1000's of tourists, adventurers and gold miners head north to explore the amazing surroundings, historical characteristics and modern recreational activities Dawson City has to offer, some still come to try their luck at striking it rich in the gold fields and find the "mother load". With a huge internationally know historical presence, the city offers a large amount of tours and historic sites that draw visitors every year, if it's a riverboat trip on a paddle wheeler or a tour of the gold fields that started it all, Dawson City has a bit of everything for everyone. If you are on adventurous side and love sporting and outdoors activities, Dawson has a large range of locally owned and operated activities ranging from canoeing, golfing, hiking, horse back riding, wildlife viewing, rock climbing and even paragliding.
The Hotel has 44 guest rooms and suites throughout 5 buildings.
The Hotel's Main Building is located on the corner of Third Avenue and Queen Street, right in the heart of historic Dawson City. The Hotel properties span nearly a full block of Dawson's downtown core, totaling over 450 ft. of frontage over 9 lots.
As part of the Dawson Historical Complex, the Caley Building is recognized as a National Historic Site of Canada.
The guest rooms and suites range from 230-650 square feet and come in a great variety of configurations...