$2,400,000
FOR SALE

Business for Sale

Hotel/Motel/Inn

5078 50 Street
Camrose, AB T2V 1R2

THE ALICE HOTEL is a historical landmark building/business operating profitably in Camrose since it was constructed in 1928. It has been owned and operated by the same family for almost 50 years due to its reliable long-term staff, straight-forward operational environment, and consistently strong revenue. It’s a rare gem in the heart of Camrose!A thoughtful blend of vintage brick nostalgia accented by contemporary touches and unique artistry makes the Alice timeless and iconic. Its key location heralds the start of the historic main street business district, and commands the attention of locals and visitors alike.The hotel interior and exterior have been impeccably maintained throughout its lifetime, with the current owners proactively implementing repairs and improvements that ensure the Alice remains both visually and functionally viable for the next 100 years.STRONG AND STABLE REVENUES OF OVER $2.2MM are generated annually from the combination of lodging, food & beverage, and gaming revenues, plus market data shows ample room remains for pricing and rate increases. The steady and reliable profitability has allowed healthy management take-outs, including through the years impacted by Covid - directly counter to the challenges other businesses experienced through that period.An efficient centralized kitchen provides service to the cafe, lounge and bar, with a menu that offers variety with without excess and supports signature dishes that draw regular patrons. Food revenues can be easily expanded by adding mobile ordering / delivery options and expanded service hours which are not currently offered. Four entrances allow varied operational options plus separate basement access, adding strong potential for new revenue streams by creating bookable space or adding an additional commercial venue. 2028 WILL MARK THE 100TH ANNIVERSARY FOR THE ALICE HOTEL, A TREMENDOUS MARKETING OPPORTUNITY!Built in 1928, the Alice Hotel was extremely large and modern for the time . It boasted 52 rooms, hot and cold running water, baths, telephones in the rooms and a large dining room. It was built by prominent local businessman Valclav Matejka who came to Camrose in 1905. He named the hotel after his daughter Alice, and the hotel has continued to bear her name ever since. Over decades, the rooms were enlarged with private bathrooms & sitting areas, reducing the room count to 23.The hotel is listed on the Camrose ‘Heritage Survey and Inventory’ List, proving its historic value to the city and its importance to the region, however it is not a registered historic site which allows full flexibility of work and use. Additional data available upon request with signed NDA from the listing agent. VIEWING BY PRE-ARRANGED APPOINTMENT ONLY. Appointments can be arranged through your agent, or by contacting the listing agent. The seller also requests for ALL INQUIRIES TO BE DIRECTED THROUGH THE LISTING AGENT. Please do not contact the hotel directly with any inquiries. Thank you! (id:47421)
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Listed By CIR Realty
Data Provided By Calgary Real Estate Board
MLS® Listing Number A2254897
Last Updated Feb 18, 2026
Property Summary
Property Type Business For Sale

More like this:
Use Hotel/Motel/Inn
Franchise Non-Franchise
Community Downtown Camrose
Price History

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Detailed Information
Features See remarks, Back lane
Listing Contract Date 2025-09-06
Municipal ID 0015223068
Ownership Type Freehold
# of Parking Spaces 36
Plan RN28
Property Type Business
Transaction Type For sale
Total Buildings 1
Zoning Description C1
Business
Business Type Accommodation, Restaurant, Restaurant
Business Subtype Hotel/motel, Bar/tavern, Restaurant
Building
Constructed Date 1928
Construction Material Poured concrete, Wood frame
Cooling Type Central air conditioning, Partially air conditioned
Exterior Finish Brick, Concrete
Fire Protection Alarm system
Foundation Type Poured Concrete
Heating Fuel Natural gas
Size (Exterior) 21500 square feet
Total Finished Area 21500 sqft
Land
Total Size 23665 square feet
Size of Irregular Land 23665.00

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