15-suite boutique hotel on 7,850 sq. ft. site
The Victoria office of Newmark Knight Frank Devencore is pleased to present the offering for sale of “The Craigmyle”, a delightfully unique boutique hotel nestled in Victoria’s prestigious Rockland neighbourhood, just a short stroll from the downtown core. Backing onto the landmark Craigdarroch Castle property, this elegant and charming establishment has been beautifully upgraded by the current owners. It delivers a superb guest experience and outstanding value with its distinctive “bed, breakfast, kitchen and beyond” offering.
The Craigmyle operates in an historic four-storey building designed by the renowned Canadian architect, Samuel Maclure, and constructed in 1913. Major room upgrades and common area improvements have been implemented by the current owners since 2012, respecting the heritage and preserving the character of the original structure while adding a wide range of modern comforts and amenities appreciated by today’s discerning value-conscious traveller.
A total of fifteen tasteful and stylish guest rooms offer a variety of room types and configurations. Each has been meticulously decorated to provide a warm and cozy ambiance for guests and make the most efficient use of space. The main floor features engaging and spacious common areas for guest enjoyment and interaction, including a comfortable living room, well-appointed dining area and fully-equipped guest kitchen.
The implementation of physical improvements, enhanced guest services, strategic marketing initiatives and innovative management systems has led to dramatic increases in revenue and profitability. Amidst Victoria’s rising international profile and with steadily improving local hospitality market fundamentals in place, this unique offering provides the opportunity to acquire an investment property that delivers solid returns with considerable room for growth in the coming years.
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