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Ramada Plaza

36035 North Parallel Road, Abbotsford

Hotel
Full service hotel & conference centre

SOLD $11,500,000

116 guest rooms

Overview

The Ramada Plaza Hotel and Conference Centre is improved on a 3.57-acre site located along North Parallel Road, just west of the Whatcom Road/Trans Canada Highway intersection within the City of Abbotsford. The complex consists of a 4-storey full service hotel featuring a total of 116 guest rooms plus 4 meeting rooms (opened 1998), a White Spot restaurant and conference centre (opened 2003), operating under the Ramada Plaza flag.

Highlights

  • The conference centre can facilitate 600 people with a gross overall building area of 17,610 SF. The structure is located off the western side of the existing hotel.
  • The conference centre totals 17,610 SF, including a ballroom of approximately 8,060 SF, in addition to a kitchen and storage space. The conference centre compliments the existing 2,961 SF of function space located within the existing hotel development.
  • There is a combination of approximately 220 enclosed and open-air on-site parking stalls; the enclosed parking under the conference centre is serviced and capable of being utilized as function space for trade shows.
  • The hotel and facilities have a thorough and extensive maintenance schedule. Recent upgrades include new flat screen TVs and new mattresses.

Summary

Units116
Storeys4
Lot Size155,640 SF (3.57 acres)
ZoningCFC FREEWAY COMMERCIAL ZONE FR
PID017-838-002
Sale Price$11,500,000
Sale Date06/28/2016

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