Hotels for Sale — Hope, BC
$2,600,000
477 FRASER AVENUE, Hope, Hope, BC V0X1L0
Property details
Structured details
- Lot dimensions
- 0.55
Listing Information
- MLS®
- C8074460
- Listed
- December 11, 2025
- Time on market
- 278 days
- Data last synced
- September 15, 2026
- Source
- CREA DDF®
Description
Great opportunity to buy well maintained "RED ROOF INN MOTEL" in Hope. The current owner has been operating successfully for 29 years. This motel has 3 buildings and large parking area. Total 27 guest rooms and large 3-bedroom suite for owner or manager. 8 units have kitchenettes. The indoor swimming pool area is currently used for storage, but it could be converted into guest rooms or breakfast serving area. Easy and safe access from Hwy 1 and close to Hope downtown. Customers are tourists, fishing/skiing/hiking people and workers. Don't miss this Excellent LIVE/WORK BUSINESS with good income! (id:63159)
Financing calculator
Estimate your monthly payment on the $2,600,000 asking price.
Financing details
- Monthly debt service
- $25,236
- Cash required at close
- $545,000
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
Pure arithmetic, no market assumptions — informational only, not financial advice. Enter your own stated SDE/EBITDA above to see DSCR and cash-on-cash return.
Location
Local market size (Hope)
- Population
- 6,686(+8.2% since 2016)
- Population density
- 163.6/km²
- Median household income
- $64,000
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 11.3%
- Postsecondary below bachelor's
- 33.3%
- High school diploma
- 34.9%
- No certificate/diploma
- 20.6%
Population aged 15 and over.
Commute
- Car, truck or van
- 87.5%
- Public transit
- 0.5%
- Walked
- 8.9%
- Bicycle
- 1.2%
- Other
- 1.9%
Commute duration
- Under 15 min
- 56.7%
- 15–29 min
- 13.2%
- 30–44 min
- 10.6%
- 45–59 min
- 4.8%
- 60+ min
- 14.7%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (5+)
- Kibo Japanese Grill and Cafe · 267 King Street44m
- Pizza Hut · 761 Water Avenue605m
- Kan-Yon Restaurant · 800 3rd Avenue727m
- Hope Pizza Place794m
- Rolly's797m
Cafes (2)
- Hope Mountain Cafe · 293 Wallace Street652m
- Blue Moose Coffee House694m
Grocery (1)
- Buy-low foods · 489 Wallace Street703m
Shopping (1)
- Midtown Shopping Plaza716m
Parks (3)
- Unnamed518m
- Memorial Park581m
- Fort Hope National Historic Site of Canada682m
Gyms (1)
- Hope Fitness Gym742m
Pharmacies (3)
- Pharmasave · 235 Wallace Street652m
- Hope Pharmacy · 224 Wallace Street681m
- Fraser Canyon Remed's Rx · 308 Wallace Street691m
Banks & ATMs (1)
- Envision Financial551m
Nearby places data: © OpenStreetMap contributors.
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Frequently asked questions
What is the asking price for this hotel?
The asking price is $2,600,000.
Where is this business located?
This listing is located in Hope, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 15, 2026.