sold this motel — and re-discovered the power of specialization
- 21-unit hospitality asset in Osoyoos
- sold after full valuation, underwriting, and fieldwork
project
description
The sale of Lakeview Motel in Osoyoos involved more than just a transaction. It required a technical understanding of hospitality valuation — a sector known for its operational complexity and asset-specific underwriting challenges.
In preparing for this deal, I enrolled in a full course on hotel valuation and appraisal — the same curriculum used by professional appraisers across Canada. Not because I needed credentials. But because I needed clarity.
I don’t take shortcuts. I believe that discipline matters, and that specialization is earned through study, not assumption. That mindset — whether applied to a 21-unit motel or a Vancouver land assembly — has shaped the way I approach every deal since.
While I no longer work in the hospitality sector, the lessons from this sale remain relevant: how to evaluate an asset class on its own terms, how to ask the right questions, and how to back up instinct with professional knowledge. That same approach underpins every aspect of my work in multifamily land today.
This wasn’t my niche — but I understood it well enough to deliver results.
investment
thesis
A stabilized 21-unit motel located one block from the lakefront in Osoyoos, BC. With strong seasonal demand, self-contained suites, and steady occupancy, the property offered consistent income and modest operational complexity.
policy
context
Zoned C-2 (Commercial) and located within Osoyoos’ tourism corridor, the property supports long-term motel operations with flexibility for future use subject to municipal approvals. The site is positioned one block from the lakefront and surrounded by seasonal accommodations, cafes, and waterfront access.
buyer
appeal
The buyer was drawn to the income stability, condition of the property, and location. The underwriting — grounded in professional hospitality valuation methodology — created confidence during negotiation and due diligence. This deal closed with minimal friction, supported by detailed documentation and a clear understanding of both operating performance and asset value.
Hospitality asset sold through professional underwriting
Formal education applied in valuation and deal strategy
Reinforced a disciplined, education-first approach to specialization
specifications
Sold Price: $1,515,000
Address: 6002 89th St, Osoyoos, BC
Total Units: 21
Year Built: 1968
Lot Size: 32,670 SF
Zoning: C-2 (Commercial)
Cap Rate at Sale: 9.05%
Property Features:
Self-contained 1- and 2-bedroom units
Full kitchens in all suites
In-suite and shared laundry
Outdoor pool and BBQ area
Central office and on-site residence
Strong seasonal demand from long-stay guests and travelling crews
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