$3,590,000
FOR SALE

Business for Sale

Hotel/Motel/Inn

Total Area: 15,637.38 ft2

101 Grove Place
Drumheller, AB T0J 0Y0

This 2 stories 49 rooms limited services franchise hotel occupies a location with access and exposure to Highway #9. The subject benefits from the synergies created along this highway commercial node. Drumheller’s economy is based on agriculture and tourism with the oil and gas industry. Located on the CN main line linking Calgary and Saskatoon, it is a service center for the surrounding agricultural area engaged in grain production, specialty crop that, hay production, and ranching.There are several tourist attraction places such as the Drumheller Valley, the Tyrell Museum of Palaeontology which is the largest museum archaeological display in the world, has always held a degree of appeal for tourists. It is estimated that the number of visitors to the area has tripled to approximately 500,000 per annum.Revenue : 2023:$1,061,049, 2022 :$775,319 , NOI : 2023: $376,772 (id:47421)
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Listed By MaxWell Canyon Creek
Data Provided By Calgary Real Estate Board
MLS® Listing Number A2108993
Last Updated Feb 29, 2024
Property Summary
Property Type Business For Sale

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

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Detailed Information
Total Area 15,637.38 ft2
Listing Contract Date 2024-02-22
Maintenance Fee Payment Frequency Monthly
Municipal ID 0016904352
Ownership Type Condominium/Strata
Plan 7911235
Property Type Business
Transaction Type For sale
Zoning Description Highway Commercial
Business
Business Type Accommodation
Business Subtype Hotel/motel
Building
Constructed Date 1979
Size (Exterior) 15637.38 square feet
Total Finished Area 15637.38 sqft
Land
Total Size 1.09 acres
Acreage Yes
Size of Irregular Land 1.09

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