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Quality Inn Shelburne - Burlington 2572 Shelburne Rd

73 Room Hotel Shelburne, VT 05482 $11,056,266 CAD ($151,456 CAD/Room) 9.33% Cap Rate

Investment Highlights

  • Three, 2-story buildings totaling 73 keys and 83,200 SF
  • Vermont North market, just outside of Burlington, VT
  • Amenities include indoor pool, fitness & business centers, breakfast area, etc.
  • Built in 1987, renovated in 2023
  • Ample parking for tenants and visitors
  • Significant capex work completed throughout ownership

Executive Summary

Northeast Private Client Group is pleased to present the Quality Inn Hotel located at 2572 Shelburne Rd in Shelburne, VT. Located just outside of the Burlington, VT market, this property consists of three, 2-story buildings, totaling 73 keys and 83,200sf. Built in 1987 and upgraded in 2023, the hotel offers many modern amenities, including free Wi-Fi, indoor pool and a fitness center.
All interested and qualified parties will have the opportunity to tour the building during scheduled appointments & obtain additional information upon request.

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $3,456,451 $41.54
Other Income $89,277 $1.07
Vacancy Loss - -
Effective Gross Income $3,545,727 $42.62
Taxes $72,830 $0.88
Operating Expenses $2,441,860 $29.35
Total Expenses $2,514,690 $30.22
Net Operating Income $1,031,038 $12.39

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $3,456,451
Annual Per SF $41.54
Other Income (CAD)
Annual $89,277
Annual Per SF $1.07
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $3,545,727
Annual Per SF $42.62
Taxes (CAD)
Annual $72,830
Annual Per SF $0.88
Operating Expenses (CAD)
Annual $2,441,860
Annual Per SF $29.35
Total Expenses (CAD)
Annual $2,514,690
Annual Per SF $30.22
Net Operating Income (CAD)
Annual $1,031,038
Annual Per SF $12.39

Property Facts

Price $11,056,266 CAD
Price Per Room $151,456 CAD
Sale Type Investment
Cap Rate 9.33%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.70 AC
Building Size 83,200 SF
No. Rooms 73
No. Stories 2
Year Built/Renovated 1987/2024
Corridor Interior

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • Restaurant
  • High Speed Internet Access
  • Meeting Event Space
  • Hot Tub

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 73 $206.95 CAD -

zoning

Zoning Code C
C
  • Listing ID: 33366834

  • Date on Market: 2024-01-08

  • Last Updated:

  • Address: 2572 Shelburne Rd, Shelburne, VT 05482

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