The Log Cabin Motel in Penticton, located at 3287 Skaha Lake Rd., has sold for $2.9 million.
According to Western Investor, the 36-unit motel is situated on a 1.9-acre corner lot, with high-density zoning. It sold for approximately $80,000 per suite.
The site was listed for $3.2 million with an assessed value of $2.2 million.
This year, the site of the former Super 8 motel went to B.C. Housing to build social housing, the former Highland Motel went to Azura Management to build townhomes and the El Rancho has gone to an unknown buyer.