Kelowna’s Ramada Hotel for sale for $32 million

One of Kelowna’s best-known hotels is for sale.

Royal LePage Kelowna realtor Tony Sprovieri has the listing for the Ramada Hotel at 2170 Harvey Ave.

The price is $31,999,000 for the 135-room hotel. It also has nine meeting rooms totalling 6,750 square feet.

“This hotel and conference centre presents an exceptional investment opportunity both for the hotelier as well as the developer,” the listing says. “The hotel is sited on a 4.33 acre ‘trophy’ piece of real estate fronting Highway 97 at two controlled intersections. This property has both current as well as future development potential.”

In December 2019 the hotel announced plans to build the first “massed timber” highrise in the city at 12 storeys and 83 rooms.

READ MORE: Kelowna’s Ramada hotel tower testing new limits for wood construction

That, of course, was a mere three months before the COVID-19 pandemic hit the world and shut down much of the hotel industry.

Plans were changed in February 2022 to a six-storey, 160 room addition that has yet to be built.

The hotel also comes with an indoor pool, spa, café and pub.

B.C. Assessment shows the hotel as being built in 1981 with a current assessed value of $15,350,000, including $112,000 for the buildings.

The listing says it has been on the market for 57 days. The listing can be seen here.

The hotel is probably most famous for the annual Maxine DeHart’s drive thru breakfasts that have raised more than $1 million for the United Way over more than 20 years.

DeHart has been the director of sales and marketing for the hotel since 1983 and was elected to Kelowna city council for the first time in 2011. She was re-elected to another four-year term in last October’s election.

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