The Hotel 540 is located proximate to a major shopping center and roughly 2 miles from local attractions including museums and parks. The hotel is situated in the center of downtown Kamloops near all of the restaurants, businesses, bars and other attractions situated in the heart of the city. The downtown location of the Hotel 540 places it not far from the Kamloops airport.

The rooms at the Hotel 540 are provided with Internet connectivity. Local calling is free. The rooms are also provided with televisions with movie service and video game consoles. The private baths are equipped with hairdryers.

The Hotel 540 is most notable for being the home of the Lake City Casino. This facility provides gambling diversions in the form of Blackjack tables and slot machines. Other amenities found on the premises include a restaurant which serves from a broad menu and a business center which includes banqueting and conference facilities. There is a fitness center located at the hotel, as well.