The Leland Hotel — Nakusp, BC

This Nakusp hotel for sale is one of British Columbia’s oldest continuously operating hotels. The Leland Hotel is a heritage-designated, fully licensed property in downtown Nakusp on Upper Arrow Lake. Furthermore, it is offered as a complete share sale — including the operating company, all licences, and a six-title real estate portfolio.

The Leland Hotel

• Address: 96 & 88 4th Ave SW, Nakusp, BC V0G 1R0
• Land: 0.395 acres (six-title portfolio)
• Zoning: LD-1 — Lakeshore Development, Village of Nakusp Bylaw No. 729, 2023
• Building: 21 hotel rooms including 3 long-term rental units; licensed pub, full-service restaurant, KENO/LOTTO, retail, and off-sales
• Asking Price: $1,890,000
• Sale Structure: Share Sale — operating company, all licences, and six-title real estate portfolio

Nakusp and the Upper Arrow Lake

The Leland Hotel was constructed in 1901. Moreover, it carries formal heritage designation and remains fully operational across six revenue streams. The three-storey wood-frame building features a balcony, veranda, dormer windows, and bay windows overlooking Upper Arrow Lake — one of the most scenic waterfront settings in the West Kootenay region. As a result, the property draws travellers year-round along the Nakusp corridor.

In addition, the property is zoned LD-1 — Lakeshore Development under Village of Nakusp Bylaw No. 729, 2023. The Nakusp Hot Springs — one of BC’s most visited geothermal attractions — sits nearby and drives consistent visitor demand throughout the year.

Six Revenue Streams — West Kootenay Demand

The Leland Hotel operates with six distinct revenue streams: hotel rooms, a licensed pub, a full-service restaurant, off-sales, KENO/LOTTO terminals, and Leland-branded retail merchandise. Notably, room revenue reached an all-time high in 2025. The BC Heritage Branch recognises the Leland as a significant cultural asset, which supports the property’s long-term profile in the market.

About BC Commercial Group

BC Commercial Group specializes in BC hospitality and commercial real estate — including motels, hotels, resorts, campgrounds, and a broad range of commercial properties across British Columbia. The team brings deep experience matching qualified buyers with income-producing hospitality assets throughout the province.

Absolutely No Direct Contact with the seller or property. All inquiries must be directed through BC Commercial Group.

To learn more or request an NDA package, contact BC Commercial Group.